ETF Securities extends ETC offering
ETF Securities has expanded the range of exchange-traded commodities (ETCs) it has on offer in Australia.
The company announced last week 10 new products had been listed on the Australian Securities Exchange (ASX), bringing the total number to 15.
It claimed the products now formed the most comprehensive range of exchange-traded commodities available on the ASX.
ETF Securities Asia Pacific managing director Fred Jheon said the new products reinforced the company's commitment to making commodity investing more accessible in Australia.
"Historically, gaining exposure to this asset class was typically achieved by investing in the shares of mining and resource companies or, for investors with adequate expertise, commodity futures markets," he said. "ETCs provide a convenient, transparent and liquid solution to investors seeking more direct exposure."
The company said the new ETC products are structured as deferred purchase agreements based on the commodity ETCs that have been issued by ETF Securities since 2006.
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