Europe's second-largest insurer Axa and French bank BNP Paribas are launching the first exchange-traded fund to track a commodity index.
Axa and BNP started a jointPARA_BREAK_SENTINEL_9f8e7d6c
Europe's second-largest insurer Axa and French bank BNP Paribas are launching the first exchange-traded fund to track a commodity index.
Axa and BNP started a joint venture in February to develop and manage the funds under the EasyETF brand.
The new index, which will be based on the Goldman Sachs Commodity Index. is expected to start trading on the German stock exchange on 17 May. It will be denominated in euros and dollars. BNP and Axa are looking to register the fund on other stock exchanges.
According to Barclays Global Investors, exchange-traded funds saw net inflows of USD 9.7 billion during March, reaching USD 228.3 billion, of which BGI, the UK's largest ETF provider, held USD 122.1 billion.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
