ETF to launch six oil futures funds

ETF Securities will launch six exchange traded commodities (ETCs) offering access to different parts of the oil futures curve. The funds, to be listed on the London Stock Exchange in the next few weeks, give exposure to one-, two- and three-year futures prices in the Brent and WTI oil benchmarks. ETF Securities offers 42 ETCs, with more than $1 billion (£488 billion) in assets.

Oil ETCs have accumulated more than $200m in assets and are listed on five European stock exchanges.