Deutsche Bank announces the creation of Europe's first Rhodium ETF

vest007 · Jul 8, 2011

Right now Rhodium prices are slipping and I am not sure for how long this trend will continue. Perhaps this is not the right time to invest in the metal. But if any one thinks that I am wrong, then they can try out this new ETF launched by the Deutsche Bank.

Deutsche Bank expects $200-400 million to flow into the UCITS over the next year, which implies $20- 60 million flowing into Rhodium ETC. Point in all this is that the Rhodium ETC will be "dragged along" as Deutsche Bank markets the UCITS. While the current value of the ETC is small, ~$4 million, it is the incremental investment demand that will be created over time that attracts our attention. Part of our initial interest in Rhodium was the lack of investor interest. This vehicle helps to create that investor demand.
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Deutsche Bank announces the creation of Europe's first Rhodium ETF

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Deutsche Bank announces the creation of Europe's first Rhodium ETF

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