NEWS IN BRIEF
TEUCRIUM LAUNCHES NATURAL GAS ETF
Teucrium has announced a new exchange-traded fund (ETF), the WTI Crude Oil Fund (CRUD), which offers exposure to futures contracts for WTI crude oil, also known as Texas Light Sweet Crude Oil, traded on the NYMEX. Launching the fund, they claim that unlike many of the ETFs in the Oil & Gas ETFdb Category, CRUD is structured to spread exposure across multiple maturities. According to Teucrium, the structure is designed to reduce the effects of contango and backwardation.
HSBC OFFERS INVESTMENT IN CANADA
HSBC has launched the MSCI Canada ETF, offering clients exposure to a country that it sees as being often overlooked by investors. A spokesperson said in regard to the launch: “The HSBC MSCI Canada ETF aims to offer investors high quality and good value access to this potentially high growth story.” Offering a total expense ratio (TER) of 0.35 per cent, the fund is listed on the London Stock Exchange in sterling and US dollar trading currencies.
NEW FACTORSHARES LEVERAGED PRODUCTS
The newcomers to ETFs offer investors exposure to the differentials in daily returns between various asset classes. The new leveraged funds will give investors an opportunity to bet that one asset class will increase in value relative to another over a single trading session, betting on the relative performance of large cap US stocks, long-dated Treasuries, the US dollar, gold and crude oil. Each product will offer leveraged exposure to two asset classes, one long and one short position.
RBS DEBUTS ITS THIRD ETN
Royal Bank of Scotland has rolled out a product that shifts exposure between gold bullion and low risk treasuries depending on the recent performance. The RBS Gold Trendpilot ETN will be linked to an index that invests in gold bullion when the metal’s price closes above the 200-day simple moving average for at least five consecutive sessions. When gold is below that threshold for five consecutive sessions, the index to which TBAR is linked will provide exposure to 3-month Treasury bills.