() - ETF Securities

ETF SECURITIES LANCIA UN NUOVO ETF SULLE MATERIE PRIME IN
BORSA ITALIANA: ETFX DJ-UBS ALL COMMODITIES 3 MONTH
FORWARD FUND

Primo ETF sul’indice Dow Jones-UBS Commodity 3-Month Forward (DJ-UBSCI F3SM)
in Borsa Italiana

L’indice DJ-UBSCI F3 è “top performing” nella categoria con rendimenti del 180%
negli ultimi dieci anni, rendendo investibile una delle asset class con le migliori
performance nell’ultimo decennio

Alta correlazione con i rendimenti spot mantenendo un impatto ridotto con l’effetto
contango
Milano, 15 gennaio 2012 - ETF Securities, emittente indipendente e tra i leader mondiali
nell’emissione di Exchange Traded Commodity (ETC), giovedi 17 gennaio quotera’ l’ETFX DJ-UBS
All Commodities 3 Month Forward Fund (COMF) in Borsa Italiana. COMF è stato precedentemente
lanciato con successo a London Stock Exchange (LSE) ed è stato il primo ETF a replicare il Dow
Jones-UBS Commodity Index 3 Month Forward (DJ-UBSCI F3). COMF è parte di ETF Exchange,
la prima piattaforma ETF di terza generazione ed è attualmente supportata da Bank of America
Merrill Lynch, Barclays Capital e Citi.
Una maggiore conoscenza tecnica degli investitori italiani per gli investimenti in materie prime e
una più ampia domanda per l’esposizione su contratti future con scadenze più lunghe hanno
convinto ETF Securities a quotare COMF in Borsa Italiana. La nuova quotazione fornisce agli
investitori italiani una scelta più ampia d'investimento su un indice ben diversificato in materie
prime. A causa della natura dinamica della curva dei futures sulle commodity, gli investitori italiani
saranno finalmente in grado con questo ETF di replicare la performance dei future sulle commodity
con scadenze “Foward”.
COMF offre agli investitori l'opportunità di ottenere una diretta e semplice esposizione ad un
paniere diversificato di contratti future di 22 differenti materie prime indicizzati DJ-UBSCI F3.
L'indice DJ-UBSCI F3 fornisce esposizione a contratti future con scadenza anticipata di tre mesi
rispetto allo standard Dow Jones-UBS Commodity Index (DJ-UBSCISM).
La ricerca mostra che sia il DJ-UBSCI F3 che il DJ-UBSCI storicamente hanno offerto un’elevata
correlazione con i rendimenti spot. Tuttavia l’indice DJ –UBSCI F3 ha mostrato in media rendimenti
in assoluto ancora migliori rispetto al classico indice DJ-UBSCI grazie ai più alti rendimenti sul roll
over dei contratti future con scadenza più lontana. Attraverso l’esposizione su contratti future con
scadenze mediamente più lontane di 3 mesi infatti l’impatto del contango viene ridotto.
Questo avviene perchè i prezzi dei contratti future con scadenza vicina nel tempo tendono ad
essere particolarmente sensibili ai livelli delle scorte rispetto ai corrispondenti contratti con
scadenza più lontana nel tempo. Questo impatto sul rendimento ottenuto dai roll over sulla
performance dell’indice è particolarmente significativo nelle materie prime energetiche ed agricole
a causa della loro deperibilità.
Le materie primehanno avuto la migliore performance rispetto alle principali asset class negli ultimi
dieci anni. L’indice DJ-UBSCI F3 in questo lungo periodo è cresciuto del 180%, a fronte di un
aumento del 87% dell’indice EURO STOXX 50, dell’ aumento del 19% del settore immobiliare1 e
della crescita dell’ 81% del settore obbligazionario2.
Massimo Siano, Head of Italian Market, di ETF Securities (UK) Limited ha commentato: "La
domanda di investimento in materie prime in Italia è molto forte e continua ad aumentare. ETFX
DJ-UBS All Commodities 3 Month Forward Fund (COMF) fornisce una soluzione molto
interessante per gli investitori istituzionali italiani che utilizzano l’indice DJ-UBSCI come
benchmark. Il 2012 è stato un anno di forte crescita per ETF Securities in Italia in quanto abbiamo
lavorato a stretto contatto con i nostri clienti. Continueremo a soddisfare le loro esigenze nel 2013
con l’obiettivo di fornire i prodotti giusti al momento giusto."
-ENDS-
Product information
Fund
ETFX DJ-UBS
Forward Fund
Exchange Code
All
Commodities
3
Month COMF
###
Per ulteriori informazioni, contattare:
ecomunicare
Tel: +39 02 67101008
Antonio Sidoti: [email protected]
Sergio Imbonati: [email protected]
Federico Corvaglia: [email protected]
Communications Associate
ETF Securities (UK) Limited
Tel: +44 20 7448 4336
Fax: +44 20 7448 4366
Switchboard: +44 20 7448 4330
1
2
EPRA UK index
EFFAS UK Govt All > 1Yr TR index
Bloomberg
Reuters
TER
COMF IM
COMF.MI
0.55%
ETF Securities
ETF Securities è un emittente di exchange-traded product, leader e indipendente, con competenza nel
settore delle materie prime. Il nostro approccio pionieristico in questa asset class è completato da
competenze specifiche nelle valute, negli azionari tematici come società minerarie e specializzate nelle
risorse naturali. Siamo focalizzati nello sviluppo di soluzioni di investimento liquide e trasparenti che possono
essere scambiate sui mercati mondiali.
La società ha un consolidato track record nell’innovazione di prodotto, che rimane un principio chiave
dell’approccio al mercato. ETF Securities ha quotato il primo gold exchange-traded commodity nel 2003, e
molte altre soluzioni di investimento leader di mercato hanno avuto luce da quel momento in avanti. Oggi
ETF Securities offre quella che noi crediamo essere la più esaustiva piattaforma di exchange-traded
commodity, e al 31 dicembre 2012 detiene più di 28,9 miliardi di dollari in asset globali
Ci sforziamo di superare le aspettative degli investitori in commodity a livello globale con l’obiettivo di offrire il
miglior tipo di prodotti, innovative ricerche di investimento e un eccellente servizio clienti.
Important Information
General: This communication is made by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and
regulated by the United Kingdom Financial Services Authority. ETFX Fund Company public limited company
(the “Company”) is an open-ended investment company with variable capital having segregated liability
between its sub-funds and is organised under the laws of Ireland as a public limited company. The Company
has been authorised by the Central Bank of Ireland (the “Financial Regulator”) as a UCITS pursuant to the
European Communities (Undertaking for Collective Investment in Transferable Securities) Regulations, 2003
and shall issue a separate class of shares (the “Shares”) representing each sub-fund. The Shares discussed
in this document are issued by the ETFX DJ-UBS All Commodities Forward 3 Month Fund (the “Fund”).
This document is not, and under no circumstances is to be construed as, an advertisement or any other step
in furtherance of a public offering of the Shares in the United States or any province or territory thereof,
where none of the Company or the Shares are authorised or registered for distribution and where no
prospectus for any of the Issuers or the Company has been filed with any securities commission or
regulatory authority. Neither this document nor any copy hereof should be taken, transmitted or distributed
(directly or indirectly) into the United States. Neither the Company, the nor any of the Shares have been or
will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or
qualified under any applicable state securities statutes.
This document may contain independent market commentary prepared by ETFS UK based on publicly
available information. ETFS UK does not warrant or guarantee the accuracy or correctness of any
information contained herein and any opinions related to product or market activity may change. Any third
party data providers used to source the information in this communication make no warranties or
representation of any kind relating to such data.
Any historical performance included in this document may be based on back testing. Back tested
performance is purely hypothetical and is provided in this document solely for informational purposes. Back
tested data does not represent actual performance and should not be interpreted as an indication of actual or
future performance.
Historical performance is not an indication of or a guide to future performance.
The information contained in this communication is neither an offer for sale nor a solicitation of an offer to
buy securities. This communication should not be used as the basis for any investment decision.
ETFS UK is required by the United Kingdom Financial Services Authority ("FSA") to clarify that it is not acting
for you in any way in relation to the investment or investment activity to which this communication relates. In
particular, ETFS UK will not provide any investment services to you and or advise you on the merits of, or
make any recommendation to you in relation to, the terms of any transaction. No representative of ETFS UK
is authorised to behave in any way which would lead you to believe otherwise. ETFS UK is not, therefore,
responsible for providing you with the protections afforded to its clients and you should seek your own
independent legal, investment and tax or other advice as you see fit.
Risk Warnings: The Shares are aimed at sophisticated, professional and institutional investors. Any
decision to invest should be based on the information contained in the prospectus of the Company (any
supplements or addenda thereto) which includes, inter alia, information on certain risks associated with an
investment. The price of the Shares may go up or down and an investor may not get back the amount
invested. Shares may be priced in US Dollars, Euros, or Sterling, and the value of the investment in other
currencies will be affected by exchange rate movements. Investments in Shares which provide a short
and/or leveraged exposure are only suitable for sophisticated, professional and institutional investors who
understand leveraged and compounded daily returns and are willing to magnify potential losses by
comparison to investments which do not incorporate these strategies. Over periods of greater than one day,
investments with a short and/or leveraged exposure do not necessarily provide investors with a return
equivalent to a return from the unleveraged long or unleveraged short investments multiplied by the relevant
leverage factor. The prospectus of the Company may be obtained from www.etfsecurities.com. Please
contact ETFS UK at +44 20 7448 4330 or [email protected] for more information.
Restricted Investors: The information in this document is designed solely for use in Italy and other
countries of the European Union/European Economic Area in which certain of the Funds are registered with
the local financial regulator. Please contact ETFS UK at +44 (0)20 7448 4330 or at [email protected]
for further information of the Company and details as to which countries and to which category of investors
this communication can be communicated. The distribution of the Prospectus and the offering, sale and
delivery of Shares in other jurisdictions may be restricted by law. When being made within Italy, this
communication is for the exclusive use of the “qualified investors” and its circulation among the public is
prohibited.
SM
Index Disclaimer: The Dow Jones-UBS Commodity Indexes are a joint product of DJI Opco, LLC (“DJI
Opco”), a subsidiary of S&P Dow Jones Indices LLC, and UBS Securities LLC (“UBS”), and have been
licensed for use by the Issuer. Dow Jones® and DJ® are trademarks of Dow Jones Trademark Holdings
LLC; UBS® is a registered trademark of UBS AG. S&P® is a registered trademark of Standard & Poor’s
Financial Services LLC; and these trademarks have been licensed for use by DJI Opco and sublicensed for
certain purposes by Issuer. ETF Securities Limited’s ETFX DJ-UBS All Commodities 3 Month Forward Fund
SM
based on the Dow Jones-UBS Commodity Index Total Return 3 Month Forward
is not sponsored,
endorsed, sold or promoted by Dow Jones, UBS, DJI Opco or any of their respective subsidiaries or
affiliates, and none of Dow Jones, UBS, DJI Opco or any of their respective affiliates, makes any
representation regarding the advisability of investing in such product(s).