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.
ETF Securities has launched a suite of broad market ETFs on NYSE Arca which are designed to track the popular Bloomberg Commodity Indices, a family of liquid and diversified indices, giving investors exposure to global commodities.
The NewGold ETF has launched on the Nairobi Stock Exchange, becoming Kenya’s first ETF to list in the country.
Direxion has launched the Direxion Auspice Broad Commodity Strategy ETF (NYSE: COM) which seeks to provide total return that exceeds that of the Auspice Broad Commodity Index over a complete market cycle. The index utilizes a rules-based process to capture trends in 12 diversified commodity markets using a quantitative methodology. Positions in each of the 12 commodities can be either long or flat, based on risk reduction where the allocation of individual components is reduced if volatility exceeds certain predetermined risk levels.
By Yacov Arnopolin, Executive Vice President, Emerging Markets Portfolio Manager, PIMCO.
As 2017 progresses and the priorities of the Trump administration take shape, the outlook for emerging markets (EM) has evolved from uncertain to promising. What has changed so quickly? Several important concerns that weighed on the sector since late last year have subsided, allowing the relatively strong fundamentals in many EM countries to shine and driving an impressive recovery in EM bonds.
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.
ProShares has launched two new ETFs providing triple leveraged and triple inverse leveraged access to West Texas Intermediate crude oil. The ProShares UltraPro 3x Crude Oil ETF (NYSE: OILU) and ProShares UltraPro 3x Short Crude Oil ETF (NYSE: OILD) track the daily performance of the Bloomberg WTI Crude Oil Subindex, providing 3x and -3x exposure respectively.
Gold mining equities are currently trading at highly attractive valuations and have the potential to close the gap on the price of gold, according to commentary from VanEck, the provider of the VanEck Vectors Gold Miners UCITS ETF (LON: GDX) and the VanEck Vectors Junior Gold Miners UCITS ETF (LON: GDXJ).
Europe-listed ETFs have seen a strong start to 2017, recording €9.4 billion in net new assets during February, nearly twice the one-year average of €4.9bn, according to research from Lyxor. Marlène Hassine Konqui, Head of ETF research at Lyxor said: “Both developed and emerging markets equity and fixed income ETFs saw positive flows in a risk-on environment supported by an upbeat picture of macroeconomic data across markets.”