VelocityShares launches suite of leveraged and inverse commodities ETNs

Feb 8th, 2012 | By | Category: Commodities

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Connecticut-based VelocityShares has launched a suite of eight commodities-related Exchange Traded Notes (ETNs) listed on the NYSE Arca stock exchange.

VelocityShares launches suite of leveraged and inverse commodities ETNs

VelocityShares has launched a suite of leveraged and inverse commodities ETNs, including the first 2x leveraged long and inverse copper ETNs to be listed in the US.

The VelocityShares Crude Oil, Brent Crude, and Natural Gas ETNs represent the first suite of 3x leveraged long and 3x inverse energy-related exchange traded notes to be listed in the US.

The VelocityShares Copper ETNs represent the first 2x leveraged long and inverse copper exchange traded notes to be listed in the US.

These latest products, say VelocityShares, are a response to demand for instruments to manage risk and express tactical views in the energy and metals markets. They follow last October’s launch of a similar range of precious metals ETNs.

“This launch further demonstrates our dedication to developing sophisticated exchange traded products for institutional investors,” said Nick Cherney, Co-founder and Chief Investment Officer of VelocityShares.

The eight ETNs are:

VelocityShares 3x Long Crude Oil ETN (UWTI)
VelocityShares 3x Inverse Crude Oil ETN (DWTI)
VelocityShares 3x Long Brent Crude ETN (UOIL)
VelocityShares 3x Inverse Brent Crude ETN (DOIL)
VelocityShares 3x Long Natural Gas ETN (UGAZ)
VelocityShares 3x Inverse Natural Gas ETN (DGAZ)
VelocityShares 2x Long Copper ETN (LCPR)
VelocityShares 2x Inverse Copper ETN (SCPR)

The UWTI and DWTI ETNs allow institutional investors to manage Crude Oil exposures using a 3x leveraged long and inverse positions linked to the S&P GSCI Crude Oil Index ER, and the UOIL and DOIL ETNs allow institutional investors to manage Brent Crude exposures using a 3x leveraged long and inverse positions linked to the S&P GSCI Brent crude Index ER.

The UGAZ and DGAZ ETNs allow institutional investors to manage natural gas exposures using 3x leveraged long and inverse positions linked to the S&P GSCI Natural Gas Index ER, and the LCPR and SCPR allow institutional investors to manage copper exposures using 2x leveraged long and inverse positions linked to the S&P GSCI Copper Index ER.

Credit Suisse AG is the ultimate issuer of the ETNs.

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