ETF Securities (ETFS) has released four ETCs offering exposure to cocoa, lead, tin and platinum on the London Stock Exchange (LSE).
The range of ETCs tracks the Dow Jones-UBS Commodity indices, which are priced off the relevant commodities futures contracts.
The DJ-UBS Cocoa Total Return index was up 60% in the 12 months to November, according to ETFS. The issuer says supply shortages among other factors have been supporting cocoa prices recently.
The underlying tin index increased by 48% in the 12 months to November, while the platinum and lead indices increased by 41% and 34% respectively. ETFS says demand for tin and lead in the coming years will largely stem from China, which is also seeing strong trend growth in car fleets, requiring platinum.
All the ETCs are fully collateralised, with enough collateral to cover 100% to 110% of the outstanding value.
The latest launch brings the issuers' commodity ETC platform of long, short and leveraged ETCs to 148 products, which ETFS says offers the most comprehensive and liquid exchange-traded commodity platform in the world.
The ETCs can be bought and sold on the LSE through regulated brokers or approved market makers.
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