First Industrial-Metal-Backed Funds to Start Dec. 10
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ETF Securities Ltd., whose managers started the world’s first gold-backed exchange-traded product, said it will list similar funds holding copper, nickel and tin on the London Stock Exchange on Dec. 10.
Other ETPs backed by aluminum, lead and zinc will be introduced next year, the Jersey, Channel Islands-based company said in an e-mailed statement today. The first three funds will be denominated in dollars and carry a management expense ratio of 0.69 percent, it said. A seventh fund will track all six metals.