EUROPE - European investors will, from tomorrow, be able to gain direct exposure to oil through the launch of exchange traded commodities (ETCs) on Euronext Amsterdam.
The launch will be carried out by ETF Securities Limited, following the firm’s LSE listings.
The ETCs will give investors the opportunity for direct exposure to the oil market with the listing of ETFS WTI Oil Securities (OILW) and ETFS Brent Oil Securities (OILB).
European investors will be able to gain exposure to two major global crude oil benchmarks: OILW and OILB.
Nik Bienkowski, head of listings at ETF Securities Limited, said: “Oil prices are endlessly discussed by the financial community but it has always been almost impossible for private investors to access oil directly as a commodity.
“We created these products due to strong investor interest for simple commodity tracking products and first launched them on the London Stock Exchange. Due to their success there we have decided to launch on the Euronext Amsterdam and make investment in oil accessible for investors – in both Euros and Dollars.”
Marianne Demarchi, director of business development, strategy and products, from Euronext commented: “These new financial instruments allow investors to gain exposure to oil in a cost effective and practical manner.”
By Angele Spiteri Paris
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