Lyxor has launched a new range of ETFs offering investors four different strategies aimed at providing diversified exposure to commodities.

Two of the new ETFs track indices of the issuer’s parent bank Societe Generale, the Optimix Total Return and Momentum Total Return indices. The former is designed to generate absolute returns from a universe of 24 commodities, while the latter uses a rule-based, enhanced beta strategy that aims to optimise roll yields across contracts and seasons, also across 24 commodities.

“Professional investors can gain intelligent access to a diverse basket of commodities, which look to take advantage of the shape of the forward curve and momentum trends,” said Lyxor in a press release announcing the launch.

The Lyxor ETF Broad Commodities Optimix TR and the Lyxor ETF Broad Commodities Momentum TR both have total expense ratios of 0.35%.

The other two new funds provide more straightforward long or short exposure to a group of 24 commodities. The Lyxor ETF S&P GSCI Aggregate 3 Month Forward and the Lyxor ETF S&P GSCI Aggregate Inverse 1 Month Forward have TERs of 0.35% and 0.40%, respectively.

All of the new funds have been listed on the London Stock Exchange and all are non-distributing.

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