Leverage Shares has introduced a suite of ETCs on London Stock Exchange providing low-cost exposure to four of the world’s most traded commodities: West Texas Intermediate crude oil, Brent oil, natural gas, and copper.
Available in US dollar and pound sterling share classes, the four new products are the LS WTI Oil ETC (USD: WTI LN; GBP: WTIL LN), LS Brent Oil ETC (USD: 1BRN LN; GBP: BRNL LN), LS Natural Gas ETC (USD: NGLS LN; GBP: 1NGL LN), and LS Copper ETC (USD: CULS LN; GBP: CPER LN).
The ETCs utilize futures to gain exposure to their target commodity, continuously rolling from the current front-month contract to the next month’s contract on a predetermined schedule.
Each ETC has an expense ratio of 0.35%.
Commenting on the launch, Oktay Kavrak, Director of Communications and Strategy at Leverage Shares, said: “At Leverage Shares, we are dedicated to facilitating investor access to a broad range of asset classes. Our unique vantage point as a go-to issuer on LSE has helped us identify a demonstrated demand for competitively priced ETCs, which we’re extremely excited to bring to market.”