This Exchange Traded Commodity (ETC), identified as the RICI EnhancedSM Industrial Metals (ER) Index EUR Hedge ETC, offers investors a way to gain exposure to the industrial metals sector. It closely follows the RICI Enhanced Industrial Metals (EUR Hedged) Index, which is composed of futures contracts for major industrial metals like copper, aluminum, zinc, lead, nickel, and tin. A sophisticated, rules-based "enhanced" roll methodology is employed within the index to maximize roll returns from these futures markets. The ETC aims to synthetically mirror the total return performance of its underlying index, while simultaneously hedging its currency exposure into euros. This euro-hedging mechanism is designed to mitigate the influence of exchange rate movements between the U.S. dollar—the common currency for many commodity quotes—and the euro on the final investment returns.

RICI Enhanced Industrial Metals (ER) Index EUR Hedge ETC

The RICI Enhanced Industrial Metals (ER) Index EUR Hedge ETC (trading symbol: 0GZD.DE) is an Exchange Traded Commodity (ETC) issued by BNP Paribas. It aims to provide investors with exposure to the RICI Enhanced Industrial Metals Excess Return Index, while incorporating a daily currency hedge against movements in the EUR/USD exchange rate.

0GZD Stock Price, Chart, Stats & News

0GZD Stock Price, Chart, Stats & News

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