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Global X Funds launches more hedge fund tracking ETFs

Posted on 24 March 2014 by VRS  |  Email |Print

Thanks to the market’s surge over the past twelve months, many retail investors have begun to once again look at market gurus and their portfolios in order to find the next slate of outperforming stocks. While tracking 13-F filings from hedge funds (which reveal their positions) is one way an individual investor can tap into the ideas of investing gurus, an ETF approach that does the work for you is another way to go.
This technique has been successfully developed by the Global X Guru Index ETF which has not only crushed the market, but it has attracted a decent sized following as well. In fact, total AUM for the fund is approaching $600 million, while it has added over 28% in the past twelve months compared to a roughly 20% gain for the S&P 500 in the same time frame……………………………………….Full Article: Source

Two palladium ETFs to launch in South Africa next week

Posted on 21 March 2014 by VRS  |  Email |Print

It turns out that not one but two palladium exchange-traded funds will be launched in South Africa next week.
The corporate and investment banking division of Absa Bank Ltd., member of Barclays , Thursday said it will list its palladium-backed ETF, NewPalladium, on the Johannesburg Stock Exchange on March 27………………………………………..Full Article: Source

Zimbabwe government moving to set up commodities exchange

Posted on 13 March 2014 by VRS  |  Email |Print

The Zimbabwe government will soon set up a special market for agricultural products as it moves to address the marketing and pricing of crops, says Agriculture, Mechanization and Irrigation Development Minister Dr Joseph Made.
The government was seized with the marketing side of agriculture at a time the country was expecting a bumper harvest, he said here Tuesday, adding that the government was working to establish commodity markets for horticulture and cotton as well as strengthening irrigation………………………………………..Full Article: Source

Absa gets approval for SA palladium ETF

Posted on 01 October 2013 by VRS  |  Email |Print

South Africa’s Absa Capital has received regulatory approval for its planned Johannesburg-listed palladium exchange-traded fund and hopes to launch the product by the end of the year, a spokesman for Absa said.
The fund will be backed exclusively by palladium sourced in South Africa, Absa’s head of investments Vladimir Nedeljkovic said on Sunday on the sidelines of the London Bullion Market Association’s annual conference. “We have regulatory approval, and we’re now basically just finalising a couple of small things,” Nedeljkovic said………………………………………..Full Article: Source

Ossiam launches world’s first smart beta risk-weighted commodity ETF

Posted on 13 September 2013 by VRS  |  Email |Print

Ossiam, a provider of smart beta exchange-traded funds (ETFs) and affiliate of Natixis Global Asset Management, has listed the world’s first risk-weighted commodity ETF, the Ossiam Risk Weighted Enhanced Commodity ex. Grains TR UCITS ETF (CRWU).
The fund is fully UCITS compliant and provides investors with systematic long-only exposure to a diversified basket of 20 commodities futures contracts (excluding grains) with reduced volatility. It has been listed on the London Stock Exchange, Borsa Italiana, NYSE Euronext Paris and Xetra………………………………………..Full Article: Source

Commodity funds on track for big launch year in uncertain market

Posted on 08 August 2013 by VRS  |  Email |Print

An ex-Glencore oil trader and a veteran grains merchant with futures broker R.J. O’Brien are among those behind the largest number of commodity fund launches in 3 years despite investor worries the multi-year rally in those markets is over.
A dozen hedge funds trading raw materials derivatives on discretion were launched in the first six months of this year, the same as in the whole of 2012, data from London-based research house Preqin showed. In 2011, only seven of such funds took off, the smallest number in 5 years………………………………………..Full Article: Source

Singapore launches world’s first physical precious metals exchange

Posted on 04 July 2013 by VRS  |  Email |Print

Singapore Precious Metals Exchange (SGPMX), the world’s first physical precious metals exchange with peer-to-peer bullion trading capabilities integrated into the trading platform, launched in Singapore today, amid Singapore’s drive to encourage gold trading in the country. As part of the launch, SGPMX also announces the entry into an MOU with Certis CISCO which will act as the custodian for bullion storage.
Certis CISCO has been providing secure and trusted storage of precious metals for renowned banks and international couriers since 1986. Storage with Certis CISCO will enable SGPMX to provide the platform for private individuals, traders and institutions to buy, sell, store and exchange precious metals including gold and silver bullion, without incurring high spread margins. (Press Release)

UBS starts gold-vault service in Singapore amid bullion rout

Posted on 03 July 2013 by VRS  |  Email |Print

UBS AG (UBSN), Switzerland’s biggest bank, started storing gold for wealth-management clients at a facility in Singapore, citing interest from investors in the region even after the metal slumped into a bear market.
The leased vault in the Singapore FreePort is available for clients in the city-state and Hong Kong, according to Peter Kok, regional market manager for wealth management in Singapore and Malaysia. While bullion is heading for the first annual drop in 13 years, client interest persists, Kok said……………………………….Full Article: Source

Credit Suisse rolls out 2 commodity ETNs

Posted on 18 June 2013 by VRS  |  Email |Print

State Street seeks to issue nontransparent, actively managed ETFs, and AdvisorShares to liquidate an actively managed, sector rotation ETF. On Wednesday, June 12, Credit Suisse launched a pair of exchange-traded notes devoted to offering investors long-only exposure to commodities.
Credit Suisse Commodity Benchmark ETN (CSCB) tracks a Credit Suisse-managed index containing futures contracts for 34 different physical commodities. The ETN is aimed at providing broad diversification. Its index tracks commodity futures contracts that expire between one and three months. CSCB charges 0.65%………………………………………..Full Article: Source

OTC Global Holdings to create commodities exchange

Posted on 11 June 2013 by VRS  |  Email |Print

OTC Global Holdings LP (OTCGH), the leading independent interdealer broker in commodities markets, formally announced today that its subsidiary, EOX Exchange LLC, filed its application with the U.S. Commodity Futures Trading Commission (CFTC) for designation as a contract market (DCM).
A wide range of derivative products will be offered on the EOX Exchange, including futures and options in natural gas, crude oil and refined products, natural gas liquids, power and agricultural products………………………………………..Full Article: Source

Bangladeshi, UAE firms plan to float commodity exchange enterprise

Posted on 10 June 2013 by VRS  |  Email |Print

A Bangladeshi firm has joined hands with a UAE-based company to float the country’s first ever formal commodity exchange trading facility expecting to increase efficiency and transparency in market chains, according to reports.
The consortium of investors - Bangladesh’s Deshbandhu Group and UAE’s Pride Group - would launch the Bangla Mercantile Commodity Exchange or BMEx with the Dubai-based company having adequate state-of-the-art technology to run the facilities around the globe, The Financial Express newspaper reported………………………………………..Full Article: Source

Bangladesh: Regulator mulls setting up commodities exchange

Posted on 03 June 2013 by VRS  |  Email |Print

The securities regulator of Bangladesh is planning to formulate norms in introducing commodities exchange as part of its efforts to provide a platform for producers to discover fair prices and hedge risks of their products. The platform would be mainly for agriculture produces as well as manufacturing products to be initiated with Jute, sugar and gold. Futures contracts among the traders would be set up on the platform.
Bangladesh Securities and Exchange Commission (BSEC) initiated the move following an amendment to the Securities and Exchange Ordinance 1969 in November last year, allowing establishment of a ‘commodity exchange’ in the country………………………………………..Full Article: Source

Cantab to shut UCITS fund after restrictions on commodity bets

Posted on 08 May 2013 by VRS  |  Email |Print

Cantab Capital Partners LLP, the $5.5 billion hedge-fund firm led by former Goldman Sachs Group Inc. (GS) quantitative traders, will shut a pool that is regulated like mutual funds because of restrictions on commodity investments.
Investors in the CCP Quantitative UCITS fund, which has more than $320 million in assets under management, will be given the option of redeeming their money or moving to the firm’s hedge funds, Cambridge, England-based Cantab said in a statement today. The UCITS fund will be closed at the end of June………………………………………..Full Article: Source

Commodity trader CF Partners launches first hedge fund

Posted on 03 April 2013 by VRS  |  Email |Print

CF Partners, active in the commodities market since 2006, has launched a long/short equity hedge fund after hiring Alvaro Ventosa from Spanish fund manager Cygnus Asset Management. Commodity trader CF Partners has launched a long/short equity fund that will trade the utilities, oil and infrastructure sectors.
CFP Equity Fund is CF Partners’ first hedge fund. It started trading in December 2012 with $29 million of internal money and it is now open to external investors………………………………………..Full Article: Source

Tanzania: Commodity exchange ready mid next year

Posted on 15 March 2013 by VRS  |  Email |Print

Commodity exchange market is expected to start operations in Tanzania in June, next year, officials told the ‘Daily News’ in Dar es Salaam on Wednesday.
The Capital Market and Securities Authority (CMSA) Chief Executive Officer, Ms Nasama Massinda, said that a special committee headed by the Permanent Secretary in the Prime Minister’s Office has been set up to fast-track the matter. “The committee will monitor the roadmap for the creation of the commodity market and speed up the process,” Ms Massinda said………………………………….Full Article: Source

UCX to commence trading in April

Posted on 06 March 2013 by VRS  |  Email |Print

India’s sixth nationwide commodity futures trading platform, Universal Comm-odity Exchange (UCX), is set to go live in April this year with at least 10 agri and non-agri commodities in its kitty. The exchange has enrolled a little 200 members for trading on its platform, which is awaiting the issuance of a unique trading code by the regulator, Forward Markets Comm-ission (FMC).
“We are in the process of getting a unique trading code for each of our registered members. Once that process gets completed, we would be ready for launch,” said Ketan Sheth, managing director of Commex Technologies, the promoter of UCX………………………………………..Full Article: Source

Horizons ETFs launches broad commodity index ETF

Posted on 27 February 2013 by VRS  |  Email |Print

Horizons Exchange Traded Funds Inc. (Horizons ETFs) and its affiliate AlphaPro Management Inc. (AlphaPro) are pleased to announce the launch of the Horizons Auspice Broad Commodity Index ETF (HBR), an innovative alternative strategy ETF that offers investors diversified, tactical long exposure to up to 12 different commodity futures in the energy, metals and agricultural sectors.
HBR is designed to track, before fees and expenses, the Auspice Broad Commodity Excess Return Index (the Auspice Index), hedged to the Canadian dollar. The Auspice Index is a commodity futures based index developed by Calgary-based Auspice Capital Advisors Ltd. (Auspice). Auspice is a leader in the design and execution of systematic commodity trading strategies in Canada, and a seasoned manager of commodity risk.(Press Release)

Threadneedle launches absolute return commodities fund

Posted on 14 February 2013 by VRS  |  Email |Print

Threadneedle Investments has launched the Columbia Threadneedle SICAV-SIF Absolute Commodities Fund, which aims to deliver a 10-15% return on an annualised basis, net of fees, over a long term investment horizon.
The non-Ucits fund is being launched in response to client appetite for an actively managed absolute return product, the firm said. Columbia is the US-based fellow asset management subsidiary of Ameriprise………………………………………..Full Article: Source

New bourse launched in India

Posted on 11 February 2013 by VRS  |  Email |Print

A new stock exchange in India opens for trading on Monday, pitching the country’s main commodity bourse into a three-way battle with the two established incumbents as they look to attract investors around the world. The new venue, MCX-SX, will trade more than 1,100 equities, develop derivatives like futures and options and launch its own index of leading shares, the SX-40.
It was formally unveiled at an event attended by Indian Finance Minister Palaniappan Chidambaram in Mumbai on Saturday………………………………………..Full Article: Source

ICAP, Marex Spectron and Tullett Prebon launch Tankard indices

Posted on 07 February 2013 by VRS  |  Email |Print

Leading interdealer brokers in the European energy markets, ICAP, Marex Spectron, and Tullett Prebon, today launch ‘Tankard,’ a series of trade-backed natural gas indices for UK and European hubs. The Tankard indices will initially cover the four leading traded natural gas hubs in Europe – the UK National Balancing Point ( NBP), Dutch Title Transfer Facility (TTF), German NetConnect Germany (NCG) and GASPOOL.
Each Tankard index is calculated exclusively using transaction prices for contracts for physical delivery at their respective hub, executed via one of the three brokers that comprise Tankard. ICAP, Marex Spectron, and Tullett Prebon provide comprehensive coverage of the OTC natural gas market……………………………………….Full Article: Source

Kenya: Commodity exchange market coming soon

Posted on 01 February 2013 by VRS  |  Email |Print

The Capital Markets Authority has hired a consultant to guide the formation of a futures exchange market in Kenya. CMA acting chief executive Paul Muthaura said the Pakistan national, with vast experience in futures trading, started work this week.
The consultant has a one-year period to have developed all the necessary requirements for the establishment of a futures market. “This is a very significant step for us,” said Muthaura on the sidelines of a financial literacy forum in Nairobi………………………………………..Full Article: Source

IKEN Capital rolls out high-performing commodity fund

Posted on 31 January 2013 by VRS  |  Email |Print

Commodity funds have mostly been a graveyard for investment returns since 2009, yet London-based asset manager IKEN Capital’s new fund has bucked the trend in its first six months.
Using a combination of algorithmic and relative value strategies while hedging out macroeconomic risk, the Commodity Alpha Fund is up over 7 percent since its “soft” launch in June 2012, having navigated tricky third and fourth quarters in which many commodity funds were hard hit………………………………………..Full Article: Source

Lyxor launches gold equities ETF

Posted on 10 January 2013 by VRS  |  Email |Print

Lyxor Asset Management has announced the launch of the Lyxor ETF MSCI ACWI Gold (GLDM), a new exchange-traded fund offering access to a global portfolio of gold mining and gold-related stocks. The ETF has been listed on the NYSE Euronext Paris and comes with a management fee of 0.50%.
The fund, which is based on a variation of the MSCI ACWI Gold Index, enables investors to gain exposure to the gold theme via mining companies whose fortunes are strongly tied to the price of the precious metal………………………………………..Full Article: Source

Hall sets up commodities hedge fund five months after duet split

Posted on 10 January 2013 by VRS  |  Email |Print

Tony Hall has set up Hall Commodities LLP with former colleague Arno Pilz five months after the pair left hedge fund Duet Commodities Fund Ltd.
Hall Commodities, based in London’s West End, the center of the capital’s hedge-fund industry, was incorporated on Dec. 10, according to filings with the U.K. Companies House. Hall and Pilz resigned from Duet in July. The fund started in July 2010, gaining 26 percent in 2011 before losing money in 2012, including nine of the 10 months to June………………………………………..Full Article: Source

FTSE launches new commodity index

Posted on 14 December 2012 by VRS  |  Email |Print

Global index company FTSE Group has launched a rules-based, long-short index, the FTSE Dynamic Commodity Index. Announcing the launch of the new product this week, the company said it was derived from Professor John M. Mulvey’s risk management and portfolio allocation approach – Dynamic Portfolio Tactics.
It said the new index would provide investors with transparent and efficient exposure to global commodity markets, via a proprietary regime-shifting approach, which seeks to capture discrete changes in economic data to guide positive or negative commodity weightings………………………………………..Full Article: Source

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Indonesia futures exchange to launch 3 commodity contracts

Posted on 14 December 2012 by VRS  |  Email |Print

The Jakarta Futures Exchange (JFX) will launch coal, natural rubber and coffee bean contracts in the first quarter of next year, an exchange director said on Thursday, with the aim of tapping into a surge in interest from new commodity investors.
One year ago, the JFX said it would launch a coal and coffee futures, but strict government rules blocked the plans. “We plan to launch three commodity future contracts - coal, natural rubber and coffee - in the first quarter of next year,” JFX director Bihar Sakti Wibowo said………………………………………..Full Article: Source

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World’s first glass futures lands in China

Posted on 05 December 2012 by VRS  |  Email |Print

The world’s first glass futures landed in Zhengzhou Commodity Exchange on Dec.3. The benchmark price of the first glass futures was 1420 yuan per ton. The contract prices tumbled as soon as the market opened, with the price of major contract 1305 falling 7.18 percent to 1319 yuan per ton.
The trading volume of all contract types varying in nine months totaled 720 thousand hands, among which the trading volume of major contract 1305 was nearly 700 thousand hands, accounting for 97 percent. The positions held were nearly 80 hands. All these mark an unusual trading condition of a new type of futures in the domestic market………………………………………..Full Article: Source

Ex-Touradji trader crone starts Citrine Commodity Fund

Posted on 18 September 2012 by VRS  |  Email |Print

Paul Crone, the former head trader at Touradji Capital Management LP who left the firm in March after seven years, has started a metals hedge fund in New York, according to Citrine Capital Management LLC, his new company.
Citrine, located on the 34th floor of the Chrysler Building, has a team of three led by Crone, who’s chief investment officer, according to a statement. The fund will trade listed derivatives in base metals, gold and platinum-group metals, Crone said in an e-mail interview, declining to specify how much money the fund has raised nor its target size………………………………………..Full Article: Source

India’s Universal Commodity Exchange to begin operations by year end

Posted on 04 September 2012 by VRS  |  Email |Print

India’s sixth national commodity bourse is planning to launch operations by the end of this year, its founder said Monday. Universal Commodity Exchange Ltd. officials will meet soon to finalize the launch date, Ketan Sheth said. The bourse recently obtained approval from the consumer affairs ministry, which oversees commodity futures trade, Mr. Sheth said.
A proposal to amend the law governing commodity derivatives markets will likely be introduced in Parliament soon in a move that will increase market liquidity by allowing options trading while also providing for financial institutions to participate in the market. This is stimulating interest among private investors to launch new bourses……………………………………..Full Article: Source

Universal Commodity Exchange to go live soon

Posted on 23 August 2012 by VRS  |  Email |Print

India’s sixth nationwide commodity futures trading platform — Universal Commodity Exchange (UCX) — is set to go live soon as the Forward Markets Commission (FMC) has sent its favourable recommendations to its parent ministry, the Ministry of Consumer Affairs (MCA).
The other five commodity futures platforms that are currently in existence are: The Multi Commodity Exchange (MCX), National Commodity & Derivatives Exchange (NCDEX), National Multi Commodity Exchange (NMCE), Ace Derivatives and Commodity Exchange (ACE) and Indian Commodity Exchange (ICEX)………………………………………..Full Article: Source

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USCF plans currency ETF

Posted on 10 July 2012 by VRS  |  Email |Print

United States Commodity Funds, the firm behind the $1.25 billion U.S. Oil Fund, filed paperwork with U.S. regulators to market its first currency fund, this one a futures-based currency ETF that would serve up exposure to a basket of five currencies at a time.
The U.S. Golden Currency Fund is a commodity pool comprised of futures contracts that represent equally weighted interest in five hard currencies that are widely used, easily exchangeable and issued by an economically strong country, the company said………………………………………..Full Article: Source

ANZ launches demand-driven China commodity index

Posted on 06 July 2012 by VRS  |  Email |Print

Australia and New Zealand Banking Group has launched an index for clients to track Chinese commodities demand, which it said was a better gauge of global commodity markets than other indices that were too focused on Western markets.
The ANZ index tracks Chinese domestic prices of 22 commodities, including iron ore, coal and rice, which are not included in other international commodities indices, and is weighted on consumption rather than production………………………………Full Article: Source

SocGen launches metals trading platform‎

Posted on 04 July 2012 by VRS  |  Email |Print

French bank Societe Generale SA has launched an electronic trading platform focused on trading London Metal Exchange base metals futures, the category one ring dealing member of the exchange said Tuesday.
The platform, to be known as Alpha Metals, provides Societe Generale’s clients with direct access to the LME’s own electronic trading platform, LME Select. It also offers post-trade services………………………………………..Full Article: Source

Barclays opens up commodities absolute return fund

Posted on 22 June 2012 by VRS  |  Email |Print

Barclays has launched a sterling share class of its absolute return commodity fund, as part of its drive into the UK wealth manager market.
Nathan Bance, director of UK investor solutions at the firm, said the sterling share class is aimed at wealth managers, family offices, as well as retail fund managers………………………………………..Full Article: Source

Commodity exchange market to be established soon

Posted on 18 June 2012 by VRS  |  Email |Print

The Ministry of Trade and Industry (MOTI) in collaboration with the Securities and Exchange Commission (SEC) is to establish a Commodity Exchange Market where farm produce could be traded on the stock market.
The move, according to Mr. Adu Anane-Antwi, Chairman of the SEC, was to reduce post harvest loses as it provided farmers ready markets for their goods………………………………………..Full Article: Source

Tokyo Commodity Exchange to launch agricultural market in February 2013

Posted on 11 June 2012 by VRS  |  Email |Print

The Tokyo Commodity Exchange (TOCOM), Japan’s largest commodity futures exchange, will accept the transfer of soybeans, azuki, corn and raw sugar contracts from the Tokyo Grain Exchange (TGE). The decision was made at the board of directors meeting on May 30.
TOCOM said it plans to launch an agricultural market in February 2013 and will manage the processing of open positions and orders remaining on the TGE market………………………………………..Full Article: Source

Northeast Asia Commodity Exchange opens

Posted on 01 June 2012 by VRS  |  Email |Print

Both the Northeast Asia Commodity Exchange opening ceremony and the headquarters building cornerstone laying ceremony was held in Dalian, Liaoning province on May 29, 2012.
The newly-established Northeast Asia Commodity Exchange is expected to realize a trade volume of 400 billion yuan ($63.16 billion), earning revenue of 400 million yuan, and paying 200 million in tax annually. ……………………………………….Full Article: Source

Ghana prepares to launch commodity exchange

Posted on 30 May 2012 by VRS  |  Email |Print

Ghana has overhauled its grain warehousing system as it gets set to become the sixth African country to open its own commodities exchange.
The Ghana Grains Council announced that it will launch a warehouse receipt system in August, as part of the development of a commodity exchange………………………………………..Full Article: Source

French trio to launch Belaco commodities fund

Posted on 22 May 2012 by VRS  |  Email |Print

In a year when many commodity investors have been disappointed with their returns, senior managers in the commodities division of Societe Generale are leaving the French bank to launch Belaco Capital, to help put this to right.
The discretionary hedge fund will be managed from Paris, and is expected to launch in the fourth quarter of 2012………………………………………..Full Article: Source

ABN AMRO mulls mining, energy infrastructure funds

Posted on 17 May 2012 by VRS  |  Email |Print

Dutch bank ABN AMRO is preparing to launch a $300 million global fund to back mining exploration and give its clients exposure to the sector, followed by a launch of an infrastructure fund to capitalize on logistical shortfalls in energy transportation.
The mining fund is expected to launch imminently, and will back the exploration of mining sites, said Harris Antoniou, the bank’s head of Energy, Commodities and Transportation………………………………………..Full Article: Source

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India: Commodity Exchange and Warehousing System operational next year

Posted on 08 May 2012 by VRS  |  Email |Print

The country’s long-awaited Commodity Exchange and Warehouse Receipt System will still not be fully operational until the middle of next year.
The system will provide farmers with financing and ready market through trading in their produce as is the case with equities on the Ghana Stock Exchange. Its draft Legal and Regulatory framework has been developed and handed over to the Trade Ministry………………………………………..Full Article: Source

Vontobel launches new commodity fund

Posted on 04 May 2012 by VRS  |  Email |Print

Vontobel Asset Management has launched an actively-managed commodities fund at at time where there has been a wave of support for the commodities sector.
The Vontobel Fund Belvista Dynamic Commodity fund will be run by Vontobel subsidiary Harcourt and will build on the approach of its existing strategy, the Belvista Commodity fund………………………………………..Full Article: Source

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UBS launches 2nd broad commodities ETN

Posted on 27 April 2012 by VRS  |  Email |Print

UBS, the Swiss-based bank known for its private-banking arm, added to its family of exchange-traded notes today with the launch of a broad commodities-focused ETN that provides blended exposure to a total of 28 commodities and that’s designed to control the deleterious effects of contango.

The ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures ETN (NYSEArca: BLND) comes with an annual expense ratio of 0.70 percent, and is so named because it is an equal weighted portfolio among three Dow Jones-UBS indexes that cherry pick different parts of the futures curve………………………………………..Full Article: Source

German commodity group plans 1 bln euro fund

Posted on 26 April 2012 by VRS  |  Email |Print

An alliance of German companies set up to secure raw materials supplies, is planning to launch a fund to attract up to 1 billion euros ($1.3 billion) to invest in commodity projects, its director was quoted as saying in a German newspaper.

The alliance, which aims initially to invest in exploration for rare-earth metals, wants to create the fund because long-term projects such as these are sometimes only able to attract bank finance in later stages, alliance director Dierk Paskert told Wednesday’s Financial Times Deutschland………………………………………..Full Article: Source

Commodities repository begins operations

Posted on 20 April 2012 by VRS  |  Email |Print

The Depository Trust and Clearing Corporation has gone live with the first global trade repository for commodities following a pilot programme that has been running since January.
The repository represents a joint venture with EFETnet, an independent company owned by the European Federation of Energy Traders, which was created to drive electronic data exchange standardisation………………………………………..Full Article: Source

Nasdaq launches commodity indexes

Posted on 19 April 2012 by VRS  |  Email |Print

The Nasdaq Global OMX Index Group is rolling out a family of 450 commodity indexes on April 23 that is designed to measure the performance of single commodities as well as sectors through the use of futures contracts.
The new Nasdaq Commodity Index family consists of a broad benchmark, an open interest and liquidity-based index, 33 single indexes and five major sectors that include energy, industrial metals, precious metals, agriculture and livestock. Narrower sectors include petroleum, grains and softs…………………………………………Full Article: Source

New agriculture index fund covers 14 commodities

Posted on 19 April 2012 by VRS  |  Email |Print

United States Commodity Funds, provider of the world’s largest oil exchange traded fund, has rolled a new ETF that holds a basket of 14 widely traded farm-related futures.
United States Agriculture Index Fund (USAG), tracking the SummerHaven Dynamic Agriculture Index Total Return, offers exposure to soybeans, corn, soft red winter wheat, hard red winter wheat, soybean oil, soybean meal, canola, sugar, cocoa, coffee, cotton, live cattle, feeder cattle and lean hogs…………………………………………Full Article: Source

Former UBS executives to start London commodities hedge fund

Posted on 30 March 2012 by VRS  |  Email |Print

Neal Shear, who spent 25 years at Morgan Stanley, and Jean Bourlot, former commodities head at UBS AG, are starting Higgs Capital Management LLP, a commodities hedge fund in London.
The fund will cover energy, agriculture and metals, Bourlot said by phone from London today. Shear will be chief executive officer and Bourlot will be chief investment officer, he said. Neville Atha, who joins from Jabre Capital Partners, will be chief operating officer………………………………………..Full Article: Source

Deutsche Bank to open London gold vault

Posted on 20 March 2012 by VRS  |  Email |Print

Deutsche Bank plans to open a new precious metals vault in London next year, seeking to cash in on booming investor demand for physical gold and silver, the Financial Times reported on Tuesday.
In London, centre of the global bullion market, vault space is running low even as the growth in exchange-traded funds backed by physical precious metals has led to a steep rise in demand for vaults………………………………………..Full Article: Source

Alpha commodity index products

Posted on 20 March 2012 by VRS  |  Email |Print

Investor interest in alpha commodity index products has surged over the past year and banks are hard at work creating more of them. Can these exotic new instruments really provide a sustainable source of absolute return? And is the market getting too crowded?
In the beginning, things were simple when it came to index products. Back in 1991, Wall Street bankers created the Goldman Sachs Commodity Index (now called the S&P GSCI) to track the prices of a basket of 24 commodities………………………………………..Full Article: Source

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