Credit Suisse, Glencore work on first aluminum-backed ETF
Credit Suisse and Glencore International are looking to launch the world's first exchange-traded fund linked to the value of aluminum, The Wall Street Journal reported. The product would be the latest in a trend toward ETFs investing directly in physical ownership of commodities. The structure avoids conflict with anticipated U.S. regulations on the futures market by having nothing to do with futures.
IndexUniverse.com | 28 Sep.
This story published in CFA Institute Financial NewsBrief on 09/29/2009
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