Deutsche Börse has announced that five new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday.
Each of the five new BNP Paribas ETCs enable investors to participate in the performance of various energy types including petrol, diesel, heating oil, natural gas and WTI crude oil.
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The corresponding reference index from the Rogers International Commodity Enhanced Indices commodity index family tracks the respective futures contracts with varying maturities. The limited term of the futures contracts requires a switch prior to expiry in exchange for a futures contract with the next expiry date (rollover).
Possible losses as a result of the rollover are minimised using a selection procedure. According to the Börse’s statement, only contracts expiring in June or December are bought for the index. A rollover takes place twice a year and takes five trading days.
Deutsche Börse’s product range in its ETF and ETP segment currently comprises 1,148 ETFs, 191 ETCs and 136 ETNs. Earlier this month, Finance Magnates reported that a new Brent Crude exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance is also now tradable on Xetra and Börse Frankfurt, adding to the recently introduced Boost ETCs and ETNs.