DNB has listed new exchange traded products that offer the opportunity of exposure to CO2, natural gas and metals.
These new listed securities are what are known as ETNs (Exchange Traded Notes), which can be traded just as easily as normal shares.
Handelsbanken and DNB already offer a number of ETNs with single shares or the OBX Index as the underlying instrument. There are also a number of listed ETNs that have oil, gold, copper and aluminium as the underlying commodity contracts.
DNB is now extending the range of ETNs it offers on Oslo Børs with several metals, natural gas and CO2. The CO2 securities track the price of CO2 emission permits, while the exposure to natural gas tracks the quarterly forward contract of natural gas delivered through the National Balancing Point (NBP) in Great Britain. In addition, DNB has listed new ETNs with silver, aluminium, copper and zinc as the underlying metals contracts.
DNB has listed three variants of each ETN: a variant without gearing and both bull and bear variants with a gearing factor of two. The bull and bear products offer investors the opportunity to take positions on rising and falling markets respectively.
