Société Générale launches commodities ETN platform

alexandre-houpert

The 41 ETNs will complement the bank’s range of exchange-traded funds (ETF), which are managed by Lyxor, its ETF arm. However, due to the restrictions of the European Ucits III regulations, ETFs cannot be issued on single commodities and there is demand for exposure to single commodities such as gold, according to Alexandre Houpert, head of listed products for the UK and Europe at SG in London.“Commodities are now an established asset class and useful to diversify a portfolio