BNP Paribas has launched two new exchange-traded commodities on Deutsche Börse’s Xetra and Frankfurt exchanges, each providing exposure to the performance of Brent crude oil futures contracts. The ETCs offer a means of gaining relatively low-cost and convenient tactical exposure to crude oil, allowing investors to express their views on the market.
‘ ETNs and ETCs ’
BNP Paribas has rolled out eight new exchange-traded commodities on Deutsche Börse’s Xetra and Frankfurt exchanges. The ETCs track indices from the Rogers International Commodity Enhanced Indices family, giving investors access to the performance of industrial and precious metals as well as to the energy sector.
BNP Paribas has launched the BNP Paribas EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC (Xetra: BNQX), an exchange-traded commodity which allows investors to participate in the performance of Brent Crude oil prices while hedging returns relative to the euro.
Source has reported that the Source Physical Gold ETP (LON: SGLD) has recorded over $500m of net new assets year to date (5 April), as the gold price has risen 9% during the same period.
The NewGold ETF has launched on the Nairobi Stock Exchange, becoming Kenya’s first ETF to list in the country.
ETF Securities’ Gold ETPs recorded their second-highest inflows of the year during the week beginning 20 March, adding $167 million, according to the firm’s latest ETF weekly flows analysis. The London-based commodity ETF specialist has attributed the surge in demand to expectations of Fed dovishness supporting gold prices further.
UBS Asset Management has announced that the UBS CMCI Composite SF UCITS ETF (LON: UC14) has surpassed $1 billion in assets under management driven by a surge in net new money of $224 million between 1 January and 13 March 2017. According to UBS, inflows into the ETF gained momentum over the last six months as investors sought to protect portfolios from an increasingly inflationary environment.
The Securities and Exchange Commission (SEC) has denied approval for a proposed exchange-traded fund that tracks the price of the cryptocurrency, bitcoin. Gemini, a bitcoin exchange backed by the Winklevoss twins who found fame suing Facebook founder Mark Zuckerburg, applied to list the ETF on the NYSE Arca. The SEC decision, citing the risk of fraudulent activities due to the lack of regulation in major bitcoin markets, comes after more than three years of deliberation.
For the second week in a row, London-based ETF Securities’ gold and platinum ETFs experienced net outflows as expectations for a March rate hike by the Federal Reserve increased. According to the firm’s weekly flows analysis, its gold ETFs saw $71 million outflows as the spot gold price fell below $1,200/oz for the first time since the beginning of February. Janet Yellen (pictured) will announce the Fed’s rate decision on 15th March.
Amundi ETF has attracted more than €2.2 billion net inflows year-to-date (28 February 2017), representing over 10% of total European market net new assets. The strong net inflows position the firm as the 3rd most successful gatherer of net new assets in Europe YTD. Fannie Wurtz, Managing Director of the Amundi ETF, Indexing & Smart Beta business line, commented: “Investors choose Amundi ETF as it offers them a full choice of price-competitive and innovative solutions for the different market challenges posed by the fast-changing current economic environment.”