Source has expanded its T-ETC range to 28 exchange-traded commodities with the launch of four new industrial metals trackers.

The S&P GSCI Aluminum Source T-ETC, the S&P GSCI Copper Source T-ETC, the S&P GSCI Nickel Source T-ETC and the S&P GSCI Zinc Source T-ETC track the relevant S&P GSCI total return indices.

T-ETCs are debt instruments secured by US Treasury bills and cash. The investment return for each ETC is achieved by entering into collateralised total return swaps with approved swap counterparties.

The ETCs are listed on the Deutsche Boerse (XETRA) platform. The ETCs’ base currency is US dollars, but they will trade in euros.