I shares launches three physically backed commodity et fs

iShares has launched three new ETFS that give exposure to three distinct types of commodity company.

I shares launches three physically backed commodity et fs

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The three propositions are all Ucits-compliant and are physically-backed ETFs giving exposure to commodity exploration, production and operations.

The Dublin-domiciled iShares S&P Commodity Producers Oil and Gas, iShares S&P Commodity Producers Gold and iShares S&P Commodity Producers Agribusiness funds are now trading on the London Stock Eschange and are based upon the S&P Commodity Producers Index Series.

Axel Lomholt, head of ETF Products iShares EMEA, commented: “Commodity related exchange-traded products continue to generate significant interest as investors seek safe havens in today’s turbulent market environment. Globally investors have contributed $12.1bn in net inflows into commodity ETPs year-to-date to 31 July 2011.”

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