FTSE launches sharia index that is physically backed by industrial metals

precious-metals — FTSE makes industrial metals investible

Magda Ali
18 May 2011

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FTSE has partnered with DIFC Investments and Merit Commodity Partners to launch the FTSE Physical Industrial Metals index series, providing investors with exposure to aluminium, copper, zinc and nickel by holding physical cash and forward contracts.

“The industrial metals index is a good proxy for global growth, particularly growth in infrastructure,” says Eric Kolts, head of marketing and sales at Merit Commodity Partners in New York.“The index was designed to reflect the true supply and demand

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