Commodities

OPEC and oil prices: Looking ahead to the May meeting

May 19th, 2017 | By
Greg Sharenow, real assets portfolio manager at PIMCO.

By Greg Sharenow, real assets portfolio manager at PIMCO.

For all the attention paid to changes in US shale output, OPEC is capable of swinging oil balances more in a single month than US shale can in a year. As a result, any oil outlook must make some material assumptions about OPEC’s intentions at the upcoming meetings later this month and in November.



BNP Paribas launches six industrial metals ETCs on Xetra

May 19th, 2017 | By
BNP Paribas launches six industrial metals ETCs

BNP Paribas has unveiled six new exchange-traded commodities on Deutsche Börse’s Xetra and Frankfurt exchanges, tracking the performance of futures contracts in various industrial metals including aluminium, lead, copper, nickel, zinc and tin.



OPEC’s choices: double down or do nothing

May 12th, 2017 | By
Nitesh Shah, Commodity Strategist at ETF Securities

By Nitesh Shah, commodity strategist at ETF Securities.

OPEC’s current strategy is not working. Oil prices have given back nearly all their gains since the cartel agreed to cut production in November 2016. We believe the credible options for their next move, to be discussed at their May 25th meeting, will be to either to cut deeper or let the deal collapse. The latter option seems the most likely outcome.



BNP Paribas launches eight metals and energy sector ETCs on Xetra

May 12th, 2017 | By
BNP Paribas launches eight metals and energy sector ETCs on Xetra

BNP Paribas has launched eight new ETCs, tracking the performance of futures contracts from the metals and energy sectors, on Deutsche Börse’s Xetra and Frankfurt exchanges. Through these ETCs, investors may gain exposure to gasoline (petrol), precious and industrial metals, energy, natural gas, gas oil, heating oil and WTI oil.



Oil ETPs continue to see inflows despite price falls, reports ETF Securities

May 9th, 2017 | By
Oil ETPs continue to see inflows despite price falls, reports ETF Securities

ETF Securities has reported that their crude oil exchange-traded products saw their third consecutive week of inflows even as oil prices dropped 6.3%, according to the firm’s weekly flows analysis. Crude oil ETPs received $40 million in the week beginning 1 May to add to the $213m inflows seen so far in 2017.



BNP Paribas rolls out five RICI energy ETCs on Deutsche Börse

May 9th, 2017 | By
Natural Gas

BNP Paribas has unveiled five new exchange-traded commodities on Xetra and Börse Frankfurt, tracking the futures performance of various energy commodities including gasoline, heating oil, WTI oil, natural gas and diesel. The ETCs track RICI Enhanced Indices which use an optimised rolling strategy to minimise the impact of rolling costs on portfolio performance.



Horizons switches 12 commodity ETFs to Solactive indices

May 4th, 2017 | By
Horizons switches 12 commodity ETFs to Solactive indices

Canada-based Horizons ETFs has introduced new indices for twelve of its commodity-tracking exchange-traded funds. Each fund will henceforth track an index designed and calculated by German index provider Solactive. The ETFs’ names, objectives and fee structures will remain unchanged.



BNP Paribas launches six euro-hedged industrial metal ETCs on Xetra

May 1st, 2017 | By
BNP Paribas launches six euro-hedged industrial metal ETCs on Xetra

BNP Paribas has unveiled six new exchange-traded commodities on Xetra and Börse Frankfurt, tracking the performance of futures contracts in various industrial metals including aluminium, lead, copper, nickel, zinc and tin. Each ETC contains a built-in currency hedge, mitigating the risk of adverse movements between the US dollar and the euro affecting portfolio value.



Direxion lifts creation ban on leveraged junior gold miners ETF

Apr 24th, 2017 | By
Demand for energy and precious metals ETPs remains strong, says ETF Securities

Direxion has lifted the temporary suspension on creation units for the Daily Junior Gold Miners Index Bull 3X Shares ETF (NYSE: JNUG) that had been in place since 13 April.



VanEck’s junior gold miners ETF to broaden index coverage

Apr 21st, 2017 | By
VanEck’s junior gold miners ETF to broaden index coverage

The VanEck Vectors Junior Gold Miners ETF (NYSE: GDXJ) has become too big for its index, resulting in issuer VanEck and index provider MVIS Indices having to expand the coverage of the ETF’s underlying index to avoid breaching regulatory thresholds.