Credit Suisse Rolls Out 2 Commodity ETNs
State Street seeks to issue nontransparent, actively managed ETFs, and AdvisorShares to liquidate an actively managed, sector rotation ETF.
On Wednesday, June 12, Credit Suisse launched a pair of exchange-traded notes devoted to offering investors long-only exposure to commodities.
Credit Suisse Commodity Benchmark ETN (CSCB) tracks a Credit Suisse-managed index containing futures contracts for 34 different physical commodities. The ETN is aimed at providing broad diversification. Its index tracks commodity futures contracts that expire between one and three months. CSCB charges 0.65%.
Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.