June 16, 2008 at 1:00 am by Tom Lydon
The ELEMENTS exchange traded notes (ETNs) are adding a new and different commodity-based product to its line-up. The note tracks the S&P Commodity Trends Indicator Total Return Index (S&P CTI), which includes 16 physical commodities futures, divided into six subsectors.
The twist on S&P CTI ELEMENTS ETN (LSC) is that it looks at commodities and their cyclical movements. The S&P CTI takes long or short positions in each sector based on how current prices compare to a moving price average. Its intent is to capture the rise and fall of rising or deflating prices in the commodities market.
This ETNs release comes at a time when the commodities sector is a key investment theme of the day.
LSC joins other commodity-related ETNs such as:
- E-TRACS UBS Bloomberg CMCI Index ETN (UCI)
- iPath GSCI Commodity Total Return Index ETN (GSP)
- iPath Dow Jones AIG Agriculture ETN (JJA)
Tags | ETNs
