ETF-izing the Market – Are Producers Getting the Wrong Signal?
Reports this morning that Russian aluminum giant Rusal is looking at launching an exchange-traded fund (ETF) back by physical aluminum.
Rusal said the fund could initially be backed with up to 1 million tonnes of aluminum.
This seems to be the way of the world. Investors are increasingly becoming the go-to buyer for a host of metals.
The most recent success in "ETF-izing" a metal came in the platinum group elements.
Earlier this year, the first platinum- and palladium-backed ETFs were launched in North America and Japan. Both have been a resounding hit with buyers.
Full article at: ETF’s