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ETF Securities launches 13 new equity ETFs on London Stock
Exchange with 0% fees
10/11/08
Highlights of new ETF offering
- 0% Total Expense Ratio
- ETF Securities broadens its asset class coverage to equities
- 13 new ETFs provide access to equity based sectors not
available through ETCs
- First complete platform of commodity sector equity ETFs
providing access to Global and European themes including
Alternative Energy, Nuclear, Water, Shipping, Coal, Steel, Gold
Mining, Basic Resources, Utilities, Oil & Gas and Agri Business
- First European ETF issuer to offer US equity ETFs on both
market-leading Russell 1000 and 2000 US equity indexes
ETF Securities, the global pioneer and market leader in Exchange Traded
Commodities (ETCs) will launch it’s first ever platform of equity index tracking
Exchange Traded Funds (ETF) on the London Stock Exchange (LSE) a 0% Total
Expense Ratio (TER) until 31 January 2009. The ETF offering provides access to
some of the most important investment themes in world financial markets. The
new ETFs will complement ETF Securities’ existing suite of ETCs which provide
investors with direct long, short and leveraged exposure to world commodity
markets.
In conjunction with the launch of our new platform, all ETFs offered by ETF
Securities will have a 0% TER until the 31st January 2009. We hope that this
launch offer will be well received by the market and make what is already a very
exciting suite of ETFs, even more attractive to investors.
ETF Securities enters the European equity ETF market on the back of strong client
demand for investment themes that have not been possible to implement using
ETCs. Industry sectors such as Water, Coal, Steel, Shipping, Alternative Energy
and Nuclear are currently not available through ETCs due to the difficulties in
getting exposure to the underlying asset.
The new ETF offering is extremely complementary to the existing ETC offering.
Investors understand that under different market conditions, there are times
when commodities will outperform comparable commodity companies and times
when commodity companies will outperform the relevant commodities. Together,
the platform of ETCs and ETFs will enable investors to take advantage of a whole
new range of investment opportunities.
ETF Securities is proud to be the first European ETF Issuer to offer investors ETFs
based on the two leading US equity benchmarks: the U.S. large-cap Russell 1000
Index and U.S. small-cap Russell 2000 Index. These world-class benchmarks are
the most comprehensive and unbiased large-cap and small-cap barometers of the
U.S. equity market. In addition, ETF Securities has also licensed four commodity
sector indices tracking companies from the global shipping, coal, steel and gold
industries.
DAXglobal® Alternative Energy Index replicates the performance of the fifteen
largest and most liquid companies worldwide in the alternative energy segment.
Three companies have been selected from each of the five energy sub-segments;
wind, solar, natural gas, ethanol and a cluster of geo-thermal, hydro energy and
batteries. These five segments are equally weighted.
The WNA Nuclear Energy IndexSM is an equity index designed to serve as an
equity benchmark for companies, which are materially engaged in the global
nuclear energy industry. The WNAI is designed to assure exposure across the
various business segments that comprise the Global Nuclear Energy Industry.
These segments are: Primary Construction, Reactors, Nuclear Power Generation,
Technology, Equipment, Service Providers, and Fuels. The WNAI is the official
index of the World Nuclear Association.
The Janney Global Water IndexSM serves as an equity benchmark for companies
which are materially engaged in the water utilities and water technology
industries. Both industries are equally weighted 50/50.
The S-Network ITG Agriculture IndexSM Index is an equity index comprising
companies that are principally engaged in the “Primary” agriculture industry
worldwide. The Index is designed to provide exposure across the various
business segments that together comprise the Global Agriculture Industry,
including: Seeds, Chemicals and Fertilizers, Equipment, Commodity Agricultural
Products, and Livestock.
The Dow Jones STOXX 600 Basic Resources, Dow Jones STOXX 600 Oil & Gas and
Dow Jones STOXX 600 Utilities indexes are part of the Dow Jones STOXX 600
Supersector Indexes. The index universe includes all companies in the Dow Jones
STOXX 600 Index and are classified according to their primary source of revenue.
The indexes aim to represent the largest European companies in the respective
sector.
Trading in the new ETFs on the LSE commenced on 6th November.
The 13 new equity ETFs are:
| ETFs |
Currency |
LSE Code (base currency) |
LSE Code (GBp) |
Sector |
| ETFS WNA Global Nuclear Energy Fund |
USD |
NUKE |
NUKP |
Global |
| ETFS Janney Global Water Fund |
USD |
WATE |
WATP |
Global |
| ETFS S-Net ITG Global Agri Business Fund |
USD |
AGRI |
AGRP |
Global |
| ETFS Russell Global Coal Fund |
USD |
COAL |
COAP |
Global |
| ETFS Russell Global Gold Fund |
USD |
AUCO |
AUCP |
Global |
| ETFS Russell Global Steel Large Cap Fund |
USD |
STEE |
STEP |
Global |
| ETFS Russell Global Shipping Large Cap Fund |
USD |
SHIP |
SHPP |
Global |
| ETFS DAXglobal Alternative Energy Fund |
EUR |
ALTE |
ALTP |
Global |
| ETFS Dow Jones STOXX 600 Basic Resources Fund |
EUR |
BASR |
BASP |
Europe |
| ETFS Dow Jones STOXX 600 Oil & Gas Fund |
EUR |
OILG |
OILS |
Europe |
| ETFS Dow Jones STOXX 600 Utilities Fund |
EUR |
UTIL |
UTIP |
Europe |
| ETFS Russell 1000 Fund |
USD |
RONE |
RONP |
USA |
| ETFS Russell 2000 Fund |
USD |
RTWO |
RTWP |
USA |
ETF Securities’ platform of 13 equity ETFs provides exposure to global and
European themes such as Alternative Energy, Water, Agribusiness, Coal, Steel,
Shipping and Nuclear Power. The ETFs have been listed on three major European
stock exchanges in dedicated ETF trading segments. The ETFs are traded in three
currencies (USD, Euros and Sterling).
ETF Securities also offers a platform of over 120 Exchange Traded Commodities
(ETCs) The ETC platform consists of Physical, Classic, Forward, Short and
Leveraged ETCs providing direct exposure to energy, agriculture, livestock,
industrial metals and precious metals. Last week, ETF Securities also added
Europe’s first carbon ETC (ETFS Carbon) to its product suite providing access to
the burgeoning carbon emissions trading market. The ETCs have been listed on
five major European stock exchanges in dedicated ETC trading segments. The
ETCs are traded in three currencies (USD, Euros and Sterling).
Commenting on launching another world first, Graham Tuckwell,
Chairman of ETF Securities, said:
“ETF Securities is extremely proud to be able to offer this exciting platform of 13
new equity ETFs to European investors. This broadens the asset classes ETF
Securities offers to include equities and commodities.
“The decision to launch equity ETFs on thematic sectors has come largely from
our clients who have consistently asked ETF Securities to provide them with more
investment opportunities, particularly themes or sectors they are currently unable
to access through ETCs.”
Commenting on the launch of the new ETFs, Pietro Poletto, Head of ETF
and ETC Markets at London Stock Exchange Group , said:
“We are delighted to welcome ETF Securities’ first range of Exchange Traded
Funds to our markets, building on their expertise in Exchange Traded
Commodities to provide investors with opportunities in important industrial and
resource sectors. They are joining a market that has continued to expand
rapidly, with new and innovative products, and increased levels of investor
activity even against a backdrop of exceptionally volatile market conditions.”
For further information, please contact:
Helen Burden
Tel: +44 (0) 20 7448 4330
Email: helen.burden@etfsecurities.com
Please contact Helen Burden details above for the Official Photograph to go with
this release.
ETF Securities continues its series of events for finance professionals:
26 Nov 2008, 17:30pm London Time
Venue: Chartered Accountants’ Hall, One Moorgate Place, EC2R 6EA
ETF Securities – New EQUITY ETF Platform
- 13 new EQUITY index ETFs provide access to underlying company equities
- 11 commodity-themed EQUITY index ETFs including Alternative Energy,
Nuclear, Water, Shipping, Coal, Steel, Utilities, Oil & Gas and Agribusiness
- 2 US equity ETFs on the Russell 1000 and 2000 indices
- Learn more about the exciting new ETFs available from ETF Securities
William Rhind
Head of Sales for UK & Ireland
ETF Securities Ltd
For more information on the event above and ETF Securities forward
schedule of conference calls visit: www.etfsecurities.com/en/events/etfs_events_calls.asp
Notes to editors:
ETF Securities Ltd is an issuer of Exchange Traded Commodities (ETCs) and
Exchange Traded Funds (ETFs). ETF Securities is independently owned and is the
European market leader in ETCs. The management of ETF Securities pioneered
the development ETCs, with the world's first listing of an ETC, Gold Bullion
Securities in Australia and London in 2003 and then the world's first entire ETC
platform which was listed on the London Stock Exchange in 2006. ETF Securities
has most recently launched the largest platform of commodity sector ETFs in
Europe providing exposure to European firsts such as Coal, Steel, Shipping and
Nuclear Power.
What is an ETF?
ETFs track published indices and enable investors to gain exposure to different
markets, sectors and asset classes just as easily as buying or selling ordinary
shares. They are listed on stock exchanges and like equities; they are bought and
sold through stockbrokers.
To learn more about ETF Securities go to: www.etfsecurities.com
To obtain a copy of the prospectus please visit the website at
www.etfsecurities.com
This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any shares to be issued by ETFS Fund Company public limited company (“Shares”) or any other
shares or securities, nor shall it or any part of it nor the fact of its distribution form part of or be relied on in connection with
any contract or investment decision relating thereto. Any offer, invitation or solicitation shall be made solely by means of the
prospectus and the relevant sub-fund supplement (together the “Prospectus”) and recipients of this advertisement who are
considering a purchase of Shares following distribution of the Prospectus in connection therewith are reminded that any such
purchase should be made solely on the basis of the information contained in such Prospectus and any supplements thereto.
This advertisement does not constitute any recommendation regarding the Shares of ETFS Fund Company public limited
company.
The communication of this press release is not being made by, and this press release has not been approved by, an
authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly
this press release is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The
communication of this press release or any other document issued in connection with the offer and sale of Shares is only
being made to and directed at those persons in the United Kingdom falling within the definition of Investment Professionals
(as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), or
high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(1) of
the Order or any person to whom it may otherwise lawfully be made (all such persons together being referred to as “relevant
persons”). The communication of this press release (or any other document issued in connection with the offer and sale of
the Shares) must not be acted upon or relied upon by persons who are not relevant persons. Persons distributing this press
release must satisfy themselves that it is lawful to do so. All applicable provisions of the FSMA must be complied with in
respect of anything done in relation to the Shares in, from or otherwise involving the United Kingdom.
This is not an offer of shares or securities for sale in the United States. The Shares have not been and will not be registered
under the US Securities Act or any other applicable law of the United States. The Issuer has not been and does not intend to
become registered as an investment company under the Investment Company Act and related rules. These Shares and any
beneficial interest therein may not be reoffered, resold, pledged or otherwise transferred in the United States or to US
persons. If the Issuer determines that any Shareholder is a US Person the Issuer may redeem the Shares held by that
Shareholder in accordance with the provisions described in the Prospectus. The Shares may not be purchased by any ERISA
Plan as more particularly described in the Prospectus and if the Issuer determines that any Shareholder is an ERISA Plan, the
Issuer may redeem the Shares held by that Shareholder in accordance with the provisions described in the Prospectus
relating to those Shares."
Index Disclaimers: “WNASM”, “WNA NUCLEAR ENERGY INDEXSM” are service marks of the World Nuclear Association and
have been licensed for use by WNA Global Indexes, LLC and have been further licensed for use by ETF Securities
Limited. The Product(s) is/are not sponsored, endorsed, sold or promoted by either WNA Global Indexes, LLC, the World
Nuclear Association, or S-Network Global Indexes, LLC each of which make no representation regarding the advisability of
investing in the Product(s).
Index Disclaimers: "S-NETWORKSM”, “S-NETWORK ITGSM”, “S-NETWORK ITG AGRICULTURE INDEXSM”, are service marks of
the S-Network Global Indexes, LLC and have been licensed for use by ETF Securities Limited. The Product(s) is/are not
sponsored, endorsed, sold or promoted by S-Network Global Indexes, LLC which makes no representation regarding the
advisability of investing in the Product(s).
Index Disclaimers: “JANNEYSM”, “JANNEY GLOBAL WATER INDEXSM” are service marks of the Janney Montgomery Scott and
have been licensed for use by J-Net Global Indexes, LLC and have been further licensed for use by ETF Securities
Limited. The Product(s) is/are not sponsored, endorsed, sold or promoted by either J-Net Global Indexes, LLC, the Janney
Montgomery Scott, or S-Network Global Indexes, LLC each of which make no representation regarding the advisability of
investing in the Product(s).
Index Disclaimers: The ETFS DAXglobal Alternative Energy Fund is neither sponsored nor promoted, distributed or in any
other manner supported by Deutsche Börse AG (the “Licensor”). The Licensor does not give any explicit or implicit warranty
or representation, neither regarding the results deriving from the use of the DAXglobal® Alternative Energy Index and/or the
term DAXglobal® (the “Index Trademark”) nor regarding the DAXglobal® Alternative Energy Index value at a certain point in
time or on a certain date nor in any other respect. The DAXglobal® Alternative Energy Index is calculated and published by
the Licensor. Nevertheless, as far as admissible under statutory law the Licensor will not be liable vis-à-vis third parties for
potential errors in the DAXglobal® Alternative Energy Index. Moreover, there is no obligation for the Licensor vis-à-vis third
parties, including investors, to point out potential errors in the DAXglobal® Alternative Energy Index. Neither the publication
of the DAXglobal® Alternative Energy Index by the Licensor nor the granting of a license to the Company’s Promoter
regarding the DAXglobal® Alternative Energy Index as well as the Index Trademark for the utilisation in connection with the
ETFS DAXglobal Alternative Energy Fund, which is derived from the DAXglobal® Alternative Energy Index, represents a
recommendation by the Licensor for a capital investment or contains in any manner a warranty or opinion by the Licensor
with respect to the attractiveness on an investment in the ETFS DAXglobal Alternative Energy Fund. In its capacity as sole
owner of all rights to the DAXglobal® Alternative Energy Index and the Index Trademark the Licensor has solely licensed to
the Promoter of the ETFS DAXglobal Alternative Energy Fund the utilisation of the DAXglobal® Alternative Energy Index and
the Index Trademark as well as any reference to the DAXglobal® Alternative Energy Index and the Index Trademark in
connection with the ETFS DAXglobal Alternative Energy Fund. A list of all Funds of the Company currently authorised by the
Financial Regulator is contained in the Fund Schedule Supplement.
Index Disclaimers: Neither STOXX Limited (“STOXX”) nor Dow Jones & Company, Inc. (“Dow Jones”), has any relationship
to the Company, other than the licensing of the Dow Jones STOXX 600 Basic Resources Index, Dow Jones STOXX 600 Oil &
Gas Index, Dow Jones STOXX 600 Utilities Index and the related trademarks for use in connection with the ETFS STOXX 600
Basic Resources Fund, ETFS STOXX 600 Oil & Gas Fund, ETFS STOXX 600 Utilities Fund.
STOXX and Dow Jones do not:
- Sponsor, endorse, sell or promote the ETFS STOXX 600 Basic Resources Fund; ETFS STOXX 600 Oil & Gas Fund; ETFS
STOXX 600 Utilities Fund;
- Recommend that any person invest in the ETFS STOXX 600 Basic Resources Fund, ETFS STOXX 600 Oil & Gas Fund;
ETFS STOXX 600 Utilities Fund or any other securities;
- Have any responsibility or liability for or make any decisions about the timing, amount or pricing of the ETFS STOXX 600
Basic Resources Fund; ETFS STOXX 600 Oil & Gas Fund; ETFS STOXX 600 Utilities Fund;
- Have any responsibility or liability for the administration, management or marketing of the ETFS STOXX 600 Basic
Resources Fund; ETFS STOXX 600 Oil & Gas Fund; ETFS STOXX 600 Utilities Fund;
- Consider the needs of the ETFS STOXX 600 Basic Resources Fund, ETFS STOXX 600 Oil & Gas Fund; ETFS STOXX 600
Utilities Fund or the owners of the ETFS STOXX 600 Basic Resources Fund, ETFS STOXX 600 Oil & Gas Fund; ETFS
STOXX 600 Utilities Fund in determining, composing or calculating the Dow Jones STOXX 600 Basic Resources Index,
Dow Jones STOXX 600 Oil & Gas Index, Dow Jones STOXX 600 Utilities Index or have any obligation to do so.
STOXX AND DOW JONES WILL NOT HAVE ANY LIABILITY IN CONNECTION WITH THE ETFS STOXX 600 BASIC RESOURCES
FUND, ETFS STOXX 600 OIL & GAS FUND; ETFS STOXX 600 UTILITIES FUND. SPECIFICALLY, STOXX AND DOW JONES
MAKE NO WARRANTY, EXPRESS OR IMPLIED AND DISCLAIM ANY AND ALL WARRANTY ABOUT THE RESULTS TO BE
OBTAINED BY THE ETFS STOXX 600 BASIC RESOURCES FUND, THE COMPANY OR ANY OTHER PERSON IN CONNECTION
WITH THE USE OF THE DOW JONES STOXX 600 BASIC RESOURCES INDEX, AND THE DATA INCLUDED IN THE DOW JONES
STOXX 600 BASIC RESOURCES INDEX; ,DOW JONES STOXX 600 OIL & GAS INDEX, DOW JONES STOXX 600 UTILITIES
INDEX; THE ACCURACY OR COMPLETENESS OF THE DOW JONES STOXX 600 BASIC RESOURCES INDEX, ,DOW JONES STOXX
600 OIL & GAS INDEX, DOW JONES STOXX 600 UTILITIES INDEX AND ITS DATA; THE MERCHANTABILITY AND THE FITNESS
FOR A PARTICULAR PURPOSE OR USE OF THE DOW JONES STOXX 600 BASIC RESOURCES INDEX, DOW JONES STOXX 600
OIL & GAS INDEX, DOW JONES STOXX 600 UTILITIES INDEX AND ITS DATA; STOXX AND DOW JONES WILL HAVE NO
LIABILITY FOR ANY ERRORS, OMISSIONS OR INTERRUPTIONS IN THE DOW JONES STOXX 600 BASIC RESOURCES INDEX,
,DOW JONES STOXX 600 OIL & GAS INDEX, DOW JONES STOXX 600 UTILITIES INDEX OR ITS DATA; UNDER NO
CIRCUMSTANCES WILL STOXX OR DOW JONES BE LIABLE FOR ANY LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR
CONSEQUENTIAL DAMAGES OR LOSSES, EVEN IF STOXX OR DOW JONES KNOWS THAT THEY MIGHT OCCUR. THE
LICENSING AGREEMENT BETWEEN THE PROMOTER AND STOXX IS SOLELY FOR THEIR BENEFIT AND NOT FOR THE BENEFIT
OF SHAREHOLDERS OR ANY OTHER THIRD PARTIES. A list of all Funds of the Company currently authorised by the Financial
Regulator is contained in the Fund Schedule Supplement.
Index Disclaimers: The ETFS Russell 1000® Fund, ETFS Russell 2000® Fund, ETFS Russell Global Coal Fund, ETFS Russell
Global Gold Fund, ETFS Russell Global Shipping Large Cap Fund and the ETFS Russell Global Steel Large Cap Fund are not
sponsored, endorsed, sold or promoted by Russell. Russell makes no representation or warranty, express or implied, to the
Company or any member of the public regarding the advisability of investing in securities generally or in the ETFS Russell
Index Funds particularly or the ability of the Russell Indexes to track general stock market performance or a segment of the
same. Russell’s publication of the Russell Indexes in no way suggests or implies an opinion by Russell as to the advisability of
investment in any or all of the securities upon which the Russell Indexes are based. Russell’s only relationship to the
Company is the licensing of certain trademarks and trade names of Russell and of the Russell Indexes to the Company’s
Promoter, which trademarks and trade names are determined, composed and calculated by Russell without regard to the
ETFS Funds. Russell is not responsible for and has not reviewed the ETFS Funds nor any associated literature or publications
and Russell makes no representation or warranty express or implied as to their accuracy or completeness, or otherwise.
Russell reserves the right, at any time and without notice, to alter, amend, terminate or in any way change the Russell
Indexes. Russell has no obligation or liability in connection with the administration, marketing or trading of the ETFS Funds.
RUSSELL DOES NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE RUSSELL 1000, RUSSELL 2000,
RUSSELL GLOBAL COAL, RUSSELL GLOBAL GOLD, RUSSELL SHIPPING LARGE CAP OR THE RUSSELL GLOBAL STEEL LARGE
CAP INDEXES OR ANY DATA INCLUDED THEREIN AND RUSSELL SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS,
OR INTERRUPTIONS THEREIN. RUSSELL MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED BY
INVESTORS, THE ETFS FUNDS, THE COMPANY, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE RUSSELL
INDEXES OR ANY DATA INCLUDED THEREIN. RUSSELL MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY
DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO
THE RUSSELL INDEXES OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT
SHALL RUSSELL HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING
LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
ETF Securities Ltd regulated by the Jersey Financial Servcies Commission
To obtain a copy of the prospectus please visit the website at
www.etfsecurities.com
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