Credit Suisse is looking to list an aluminum fund on the London Stock Exchange (LME), Reuters reports. The exchange-traded product (ETP) will let investors put their money in aluminum without repeatedly rolling forward contracts on the LME.
The bank was previously expected to unveil a similar product on a Swiss exchange in partnership with commodities trading firm, Glencore. ETF Securities is also looking to list its physical aluminum, zinc and lead ETPs in the first quarter of 2011.