ETCs provide access to performance of gold and palladium….
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Two new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Tuesday.
The new ETCs enable investors to participate in the performance of two precious metals: gold and palladium. Each ETC is based on the cash price in US dollars for a troy ounce (31.1035g) of the underlying precious metal. The USD to EUR currency risk is minimised.
Source: ETFWorld.co.uk
