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ETF Securities looks forward to the future

ETF Securities has added to its range of exchange traded commodities on the London Stock Exchange, giving investors access to commodities to commodity futures prices linked to the Dow Jones-AIG Commodity 3 Month Forward Indices.

ETCs are relatively new products that allow investors to gain exposure to commodity prices without trading futures or taking physical delivery of the commodities. ETF Securities listed the world’s first ETC in Australia and London four years ago and recently added a range of oil-based ETCs based on the forward price of oil over one, two and three years.

The latest additions to the range allow investors to benefit from backwardation across a range of commodities futures. Backwardation refers to the price of a commodity for future delivery being lower than the current market price, or a future delivery price being lower at a further delivery date than a nearer delivery date.

The reverse of backwardation is contango. This is where the price of a commodity for future delivery is higher than the current market price, or the future delivery price is higher at a further delivery date than a nearer delivery date. The rate of backwardation and contango will fluctuate, so investors can use the different maturity dates of the ETC range to their advantage.

ETF Securities says demand from investors for more choice in different parts of the commodity futures curve has led to the creation these new forward ETCs. More choice allows investors greater flexibility in asset allocation to commodities, but interest is likely to be from sophisticated investors who can grasp the concepts of backwardatio


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Advisers should play the Tory card on the RDR.

I’m not suggesting they seek out David Cameron and bend his ear about the RDR at the Tory conference next week.Dave is unlikely to make changing the way customer agreed remuneration for intermediary services is calculated the central plank of his manifesto. I doubt it’s a vote winner or even a vote loser for that […]

Off the beaten track

Investors are increasingly turning to exchange traded funds for simple and inexpensive access to a diverse range of assets and markets from UK firms to global infrastructure projects and soft commodities, says Philip Scott

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]


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