Heavy metal fundsters (no, not the music genre), may want to check out today's Wall Street Journal
about upcoming base metal exchange-traded funds that could push up metal prices.
Similar to the $55 billion SPDR Gold Shares, the new funds will snap up actual metal.
has reportedly announced its new product slate in London on Monday. The ETFs are awaiting approval from regulators and the London Stock Exchange.
The new funds face some daunting obstacles such as guidelines limiting the size of any one company's position in a metals market. However, ETF Securities CEO Graham Tuckwell
was quoted in the article as saying that his firm has structured its product to meet regulations and requirements.
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