Gold-backed ETF set for VFEX debut

FIRST Mutual Holdings Limited (FMHL) has launched a US dollar-denominated security to provide offshore exposure to gold-linked assets.  The First Mutual Wealth Gold Exchange Traded Fund (FMWG ETF) will list on the Victoria Falls Stock Exchange (VFEX) next month.  The ETF is being introduced through FMHL’s subsidiary, First Mutual Wealth Management (Private) Limited (FMWM), which will manage the fund. Plans …

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ProShares Launches First ETFs Targeting 2x Daily Returns of Platinum and Palladium

World’s largest provider of geared ETFs adds platinum, palladium, and copper to complement its crude oil, natural gas, silver, and gold offerings. ProShares, the world’s leader in geared (leveraged and inverse) investing, today announced the expansion of its commodity ETF lineup with the launch of the first ETFs targeting 2x daily returns of platinum and palladium. ProShares is also introducing an …

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