LISTED PRODUCT NEWS
ETFS CONFIRMS INDUSTRIAL METAL ETCS
ETF Securities confirmed on Monday that it is preparing to launch a range of physically-backed industrial metal exchange-traded commodities (ETC), subject to approval from regulators and the London Stock Exchange. The industrial metal range of ETCs will include physical aluminium, copper, lead, nickel, tin and zinc, as well as a basket consisting of all six metals. The industrial metal backing each product will be stored in LME-approved warehouses. ETF Securities added that Deutsche Bank’s London branch will provide trading, administrative and custody services.
SOURCE LISTS SMALL CAP EUROPE ETF
European ETF provider Source has this week launched its MSCI EMU small cap ETF, which offers exposure to 568 stocks with a market capitalisation ranging from €3.5bn to €32m. The ETF tracks the MSCI EMU Small Cap Total Return (Net) index and gives investors more opportunities in the small-cap end of the Eurozone market. The euro-denominated fund continually reinvests dividends and it has a management fee of 0.4 per cent per annum. This latest listing means that Source now offers a total of 80 exchange-traded products.
SECOND ANNUAL SIPPEX CONFERENCE
RBS and execution-only broker Selftrade will be jointly hosting the second annual SIPPex conference, which takes place today at RBS’s headquarters on Bishopsgate. The experts at the conference, which include Francis Moore, managing director of European Pensions Management, will once again share their knowledge and expertise on setting up, investing in and managing Self Invested Personal Pensions (SIPPs). The event will run from 6pm-8pm and will be held at 250 Bishopsgate. To register for free for this event visit: www.rbs.co.uk/markets