ETF Securities (ETFS), will list six new oil Exchange Traded Commodities (ETCs) on the London Stock Exchange.
ETFS Brent Oil was first listed on the London Stock Exchange in July 2005 and ETFS WTI Oil was listed in May 2006. Since then, Oil ETCs have accumulated over $200 million in assets and are listed on five European stock exchanges including London Stock Exchange, Deutsche Boerse, Euronext Paris, Euronext Amsterdam and Borsa Italiana.
“ETCs have now been available in Europe since December 2003 and their simplicity and structure have now been embraced by the market,” says Graham Tuckwell, Chairman of ETF Securities. “Many investors have approached us showing an appetite for a range of oil ETCs.
David Shrimpton, Head of Product Management and Development at the London Stock Exchange, adds: “Since its launch last September the market has seen over 3.2 billion worth of trading, demonstrating that investors are embracing the opportunity to use these simple commodity products for portfolio diversification.”