By: ETF Database
February 25, 2011 at 07:00 AM EST
ETF Securities Files For Series Of Physically-Backed Industrial Metal ETFs
ETF Securities, the Europe-based ETF issuer responsible for a series of ultra-popular physically-backed precious metal ETFs, is at it again with an SEC filing for a series of similar products targeting the industrial metal space. In total, the filing calls for seven funds with one targeting each of the following industrial metals; aluminum, copper, lead, nickel, tin, and zinc, as well as a basket fund which will invest in all of the six aforementioned commodities. Although expense ratio and ticker symbol information was not available in this brand new filing, we have highlighted several key points about these new products below. The proposed funds seek to establish exposure to these industrial metals through the use of warrants. Proceeds received by each Fund from the creation of Creation Units will be in the form of Warrants evidencing ownership of physical Aluminum, Copper, Lead, Nickel, Tin, and Zinc. The ownership [...] Click here to read the original article on ETFdb.com. Related Posts: ETFS Rolls Out Physical Precious Metals Basket ETF (GLTR) ETF Securities Planning Precious Metal Basket ETF Commodity ETFs Get No Love From Investors ETF Securities Launches Asian Gold Shares Fund (AGOL) Playing Precious Metals Through Equity ETFs
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