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Alternative Market Briefing

Credit Suisse, Franklin Templeton launch commodities products

Wednesday, January 15, 2014

Bailey McCann, Opalesque New York:

Adding to a growing list of commodities offerings, Credit Suisse launched two new products today that will be listed on the NYSE. The Credit Suisse Commodity Benchmark ETN (CSCB) and the Credit Suisse Commodity Rotation ETN (CSCR) are now available on NYSE ARCA. Franklin Templeton also announced the launch of a new liquid commodities fund managed by Pelagos Capital Management, an alternative investments firm acquired by Franklin Resources in 2013.

CSCB is the first exchange traded product in the US market to offer investors access to the Credit Suisse Commodity Benchmark Total Return Index. CSCR is the first exchange traded product in the US market to offer investors exposure to the Credit Suisse Backwardation Total Return Index.

"These products were part of the pipeline. We don't tend to roll out a lot of products each year, necessarily. We focus on client demand and try to respond to that," Greg King, Head of Exchange Traded Products at Credit Suisse, tells Opalesque by way of explaining why the firm brought these two products to market now.

The Credit Suisse Commodity Benchmark Total Return Index underlying the CSCB ETN is a long-only diversified commodity benchmark index composed of notional futures contracts on 34 physical commodities (as of the 2013 annual rebalance). The index seeks to provide wider diversification and closer reflection of the overall global commodity complex than existing commodity indices. The ......................

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