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METL

VSE
72.25 EUR
0.83
1.16%
Last update May 16, 5:32 PM CEST
Market closed
Day range
71.67000
72.25
Previous close
71.42000
Open
71.67000
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Lyxor ETF GSCI Industrial Metals 3-Month Forw...
72.25
0.83
1.16%

Overview

Description

Lyxor ETF GSCI Industrial Metals 3-Month Forward is an exchange-traded fund that provides investors with exposure to the industrial metals sector. The primary function of this ETF is to track the performance of the S&P GSCI Industrial Metals 3-Month Forward Capped Component Index. This index comprises a diversified portfolio of futures contracts for industrial metals such as aluminum, copper, nickel, and zinc, which are critical raw materials used in a multitude of manufacturing processes and construction activities across the globe. This ETF offers investors a way to gain indirect access to the industrial metals market, allowing them to harness the potential economic growth driven by industrial production and infrastructure development. The forward contracts embedded within the fund hedge against immediate price fluctuations, thereby providing a smoother investment profile in comparison with spot holdings. A staple for asset allocation in diversified portfolios, Lyxor ETF GSCI Industrial Metals 3-Month Forward plays a significant role in hedging against inflation and currency fluctuations, as the demand for such metals often correlates with economic expansion and global industrial activity. It is a strategic tool for investors looking to capitalize on trends in industrial sectors without physically holding the underlying commodities.

About

CEO
Mr. Michel Abbas Khalaf
Employees
45000
Address
200 Park Avenue
New York, 10166-0188, NY
United States
Phone
212 578 9500
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Insurance - Life
Country
Austria
MIC code
XWBO
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 17 hours 13 minutes

14:46
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
08:00 - 08:55
Main market
08:55 - 17:35
Post-market
17:35 - 17:50
All times are displayed in the Europe/Vienna timezone (CEST, UTC+02:00).