ETF Securities launches currency and commodity ETPs
ETF Securities has announced the listing of 18 new 3x short and leveraged commodity ETPs and six new 5x short and leveraged currency ETPs on the LSE.
Commenting on the launch, Townsend Lansing, executive director – head of Short / Leveraged & FX Platforms, ETF Securities (UK) Limited, said: “We are listing these new short and leveraged products on the London Stock Exchange in response to a strong demand from investors. We have seen tremendous growth in our short and leveraged platform across Europe over the last few years.
“The launch of our 3x short and leveraged commodity products and 5xshort and leveraged currency products is a natural extension to our existing unleveraged range and offers a greater choice to investors.
“2015 has been a year of heightened currency volatility. We believe the additional leverage will first and foremost allow investors to use the currency products to hedge currency risk as well provide additional opportunities to trade on a short term basis with a competitive total cost of ownership.”