ETF Securities has listed three physically-backed ETCs on the London Stock Exchange providing access to aluminum, lead and zinc.
The launch expands a platform first announced in December last year, when ETFS unveiled its physical copper, nickel and tin ETCs. The firm's managing director Mark Weeks said: "Today's listings come amidst a period of significant buoyancy in industrial metals, with spot metal price for copper and tin hitting record highs. "Investors are increasingly looking at hard assets as a way to hedge against growing concern about sovereign risk, currency debasement and potential inflation." ETFS Physical Aluminium, Physical Lead and Physical Zinc are all structured in line with the firm's exi...
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