Lehman Brothers has created a new exchange-traded note (ETN) platform, becoming the sixth issuer to enter the space. Three new ETNs have so far been issued from the Opta platform, which was unveiled on February 21.
Two of the products are commodity based, with one ETN tracking the bank's proprietary commodity index, the Lehman Brothers Commodity Index (LBCI) Pure Beta Total Return. The other - the Lehman Brothers Pure Beta Agriculture Total Return ETN - will track the performance of solely the ag
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