Dennis Gartman Expands Index to Bet on Commodities Gains, Losses

Dennis Gartman, editor of the Gartman Letter, and Mark Fisher, founder of MBF Asset Management in New York, are starting two exchange-traded notes off the Fisher-Gartman Risk Index to bet on higher or lower prices across commodities, stocks, bonds and currencies.

The ETRACS Fisher-Gartman Risk On ETN is expected to rise during economic growth and the ETRACS Fisher-Gartman Risk Off ETN would gain when the outlook is negative, the NYSE Euronext said in a statement today.

The Risk On ETN, under the symbol ONN, and Risk Off ETN, trading under OFF, include weightings in the Dow Jones-UBS Crude Oil Subindex, the 10-year U.S. Treasury note, the Dow Jones-UBS Corn Subindex, the Dow Jones-UBS Copper Subindex, the Dow Jones- UBS Silver Subindex, the SPDR S&P 500 ETF Trust and the euro, the exchange said.

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net

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