New Commodity ETF/ETN (LSC)

Posted: June 11, 2008 at 9:47 am

NYSE Euronext has announced that the ELEMENTS(SM) S&P Commodity Trends Indicator Total Return Index ETN listed and began trading under the ticker symbol "LSC" on NYSE Arca.  This ETN was issued by HSBC USA Inc., and Nuveen and Merrill will co-distribute the ETNs.

"LSC" tracks the prices of a diversified portfolio of sixteen traditional, physical commodity futures contracts.  The Index Components are grouped into six sectors and each sector is represented on either a “long” or “short” basis, depending on recent price trends of that sector.

Jon C. Ogg
June 11, 2008

Read more: ETF,