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ETF Securities to Launch Industrial Metals ETFs; Deutsche Bank to Administer
By ETF Channel Staff, Monday, October 11, 12:37 PM ET
ETF Securities is planning on starting ETFs backed by six industrial metals.
Deutsche Bank's (NYSE:DB) London branch is to provide trading, admistrative, and custody services for the aluminum, copper, lead, nickel, tin, and zinc funds.
ETF Securities currently manages $22 billion in assets.
The products will first be launched overseas. U.S. base metal ETFs that are already traded include the iPath DJ-UBS Aluminum Total Return (AMEX:JJU), the iPath DJ-UBS Copper Total Return (AMEX:JJC) and the iPath DJ-UBS Nickel Total Return (AMEX:JJN).
This Article's Word Cloud:AMEXAluminumBankCopperDeutscheETFsLondonNYSENickelReturnSecuritiesTotaladmistrativealreadyaluminumassetsbackedbasebillionbranchcoppercurrentlycustodyfirstfundsiPathincludeindustriallaunchedleadmanagesmetalmetalsnickeloverseasplanningproductsprovideservicesstartingthattradedtradingwillzinc
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