ETCs provide access to Rogers International Commodity Enhanced Indices (RICI) and are tradable in US Dollar….
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Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra since Thursday.
The new ETCs expand BNP Paribas’ product range by giving investors access to the performance of futures contracts from the industrial metals sector in the trading currency US dollars.
The respective futures contracts will be offered with differing maturities. The reference indices from the Rogers International Commodity Enhanced index family track futures contracts in aluminium, copper, zinc, tin, lead and nickel.
The limited term of the futures contracts requires a switch prior to expiry in exchange for a futures contract with the next expiry date (rollover). Possible rollover losses are minimised through an optimised procedure for selecting futures contracts.
Source: ETFWorld.co.uk
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