First ETF Backed by Industrial Metals Will Start Dec. 10

Bloomberg.com reports that ETF Securities is going to list an ETF holding copper, nickel and tin to start trading on Dec 10.

The story is quoted as saying:

“They give investors, for the first time, direct access to the physical metals market,” ETF Securities Chairman Graham Tuckwell said in the statement. “Investors are increasingly looking at hard assets as a way to hedge against growing concerns about sovereign risk, currency debasement and potential inflation.”

To access the full story, click here.