Commodities

WisdomTree to acquire ETF Securities’ European ETP business

Nov 14th, 2017 | By
WisdomTree to acquire ETF Securities’ European business

WisdomTree has entered into a definitive agreement to buy the European exchange-traded product operations of London-based ETF Securities, comprising 307 ETPs, including commodity, currency, and short & leveraged exposures, with over $17.6 billion of AUM combined. Graham Tuckwell, founder and chairman of ETF Securities, commented: “I believe this combination creates a uniquely positioned firm which will flourish in the years ahead, continuing to deliver huge value for customers and stakeholders.”



Gold demand down amid dampened ETF flows, reports World Gold Council

Nov 13th, 2017 | By
Gold demand down 9% as gold ETF flows slow, reports World Gold Council

Global gold demand was 915 tonnes during Q3 2017, a fall of 9% compared to the same quarter last year, due in part to gold ETF inflows being substantially lower than in 2016. These were the findings of the World Gold Council’s (WGC) Gold Demand Trends for Q3 2017.



S&P DJI announces S&P GSCI composition for 2018

Nov 13th, 2017 | By
S&P Dow Jones Indices announces S&P GSCI composition for 2018

S&P Dow Jones Indices has announced the composition and weights of the S&P GSCI Index for 2018. The S&P GSCI is a world production-weighted commodity index tracked by two US-listed ETFs. In 2018, the index will be composed of 24 exchange-traded futures contracts on physical commodities across five sectors – energy, industrial metals, precious metals, agricultural and livestock.



Oil price rally leads to profit taking, reports ETF Securities

Nov 8th, 2017 | By
ETF Securities expands Brent crude ETC range as geopolitical tensions rise

Weekly flows analysis from ETF Securities shows that oil ETFs saw outflows of $73 million on the back of profit taking during the week commencing 30 October. Oil has risen steadily in price since the summer and the outflows come as Brent crude closed at a two-year high of $64.27 on 6 November.



2018 target weights announced for Bloomberg Commodity Index

Oct 25th, 2017 | By
2018 target weights announced for Bloomberg Commodity Index

Bloomberg has announced the 2018 target weights and composition of the Bloomberg Commodity Index (BCOM), a well-known benchmark for the performance of the broad commodities universe. The rebalancing, effective January 2018, is set to affect several large ETFs that track the flagship index.



S&P DJI: Diwali gold buying may be the safest since 1996

Oct 18th, 2017 | By
S&P DJI: Diwali gold buying may be the safest since 1996

By Jodie Gunzberg, head of commodities indices, S&P Dow Jones Indices.

In light of the gold buying tradition for the upcoming Diwali festival in India, many might be wondering how valuable their gifts may be based on the price of gold. Several factors influence the price of gold that make timing gold as an investment difficult; however, now there might be upside potential for gold, especially since its volatility is so low.



BNP Paribas lists currency-hedged commodity ETF on Xetra

Oct 11th, 2017 | By
BNP Paribas lists currency hedged commodity ETF on XETRA

BNP Paribas has launched a currency-hedged commodity ETF, offering exposure to a diversified portfolio of futures contracts on energy and metal commodities, while hedging currency exposure between the US dollar and the euro.



Gold-backed ETFs expand physical holdings in September

Oct 4th, 2017 | By
Gold-backed ETF holdings gain 22.4 tonnes in September

Gold ETFs were in strong demand during September with gold-backed ETFs increasing their holdings of physical gold by 22.4 tonnes globally, according to data from the World Gold Council. However, significant differences in regional appetites for the precious metal were noted.



Gold ETF inflows reach three-week high

Sep 25th, 2017 | By
Gold ETF inflows reach 3-week highs, says ETF Securities

Although gold prices erased most of the past month’s gains, inflows into gold ETFs rose to $39 million in the week beginning 18 September 2017, marking a three-week high, according to weekly flows analysis from ETF securities. Nitesh Shah, director, commodity strategy at ETF Securities said that investors were seeking a safe haven asset in light of geopolitical tensions in spite of action from the Fed that caused gold price weakness.



VanEck Merk Gold ETF reduces fees for gold delivery

Sep 21st, 2017 | By
VanEck Merk Gold Trust reduces fees for gold delivery

The VanEck Merk Gold Trust (NYSE Arca: OUNZ) has reduced the fees investors pay to take delivery of their gold. The fund gives investors access to buy and hold gold through an ETF with the option to take delivery of the gold in exchange for the fund’s shares. Axel Merk, president of Merk Investments, the sponsor of OUNZ, commented: “We are reaffirming our commitment to provide investors with easy and cost-effective access to their gold,”