iShares to launch commodity ETFs

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iShares is planning to offer commodity ETFs this year, plugging a gap in its product range.

The firm's head of sales EMEA David Gardner says iShares has been looking at launching for some time, but is trying to find a way of giving exposure in a transparent and liquid form. He says: "We innovated with our multi-swap counterparty model. We would only move into areas like commodities if we can be equally innovative. We have an eye on commodities - watch this space." He adds: "I have heard from clients that if we created products in areas like commodities, they would feel more comfortable having iShares as an option as they know the rigour our products are manufactured under. I...

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