Deutsche Bank has launched an exchange-traded commodity (ETC) providing exposure to the price of uranium on the London Stock Exchange.
The db Uranium ETC is a note issued by Deutsche Bank and is over-collateralised by 109% with gold.
The product, which has a total expense ratio (TER) of 1.5%, joins the bank's range of energy products, including its Brent Crude Oil Booster Euro Hedged ETC, Natural Gas Booster ETC and WTI Crude Oil Booster ETC.
The db Uranium ETC has a value of $102.63 as of 5 January
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