06.12.2011 - BNP’s commodity ETF eyes contango
BNP Paribas, the Paris-based bank, filed paperwork with U.S. regulators to market a futures-based commodities fund that strives to outsmart futures markets that are in contango with an optimized rolling methodology. The S&P Dynamic Roll Global Commodities Fund will track the world-production-weighted S&P GSCI Dynamic Roll Excess Return Index, which is a long-only synthetic portfolio consisting of futures contracts on 24 underlying index commodities...............................................Full Article: Source
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