Risk.net

Barclays launches natural resources ETF

Barclays Global Investors has launched a new exchange–traded fund (ETF) that tracks an index made up of US companies in the natural resources sector. The product lets investors gain exposure to the natural resources sector using a single security.

    • John Ferry
  • LinkedIn  
  • Save this article
  • Print this page  
The fund tracks the Goldman Sachs Natural Resources index, a weighted index of 112 stocks from the energy, precious metals and timber sectors. The ETF will be traded on the American Stock Exchange.

Lee Kranefuss, the San Francisco-based chief executive of Barclays Global Investors' exchange–traded funds business, said the fund provides investors with broad diversification in the sector “in a cost-effective manner”.

ETFs are cash instruments that track an index or replicate the performance of a basket of stocks. They are traded on an exchange like a regular share.

Sandy Rattray, vice-president of derivatives and trading research at Goldman Sachs in New York, commented: “By tracking this objective index, the fund will provide investors with the exposure they desire to this important sector.”

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

Copyright Infopro Digital Limited. All rights reserved.

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

More on Structured products