BIt welcommed the "Easy ETF GS Ultra Light Energy"

EasyETF is the brand name of an ETF joint-venture between AXA IM and BNP Paribas Asset Management. The financial services providers have recently joint forces to offer exchange-traded index funds. Starting from 27th September Borsa Italiana welcomed the second ETF, targeted EasyETF, based on a commodity Index, the EasyETF GS Ultra Light Energy.

The EasyETF GS Ultra Light Energy is based on the GS Ultra Light index. Currently the GSUE index comprises 24 commodities from five main sectors: agriculture, livestock, industrial metals and precious metals and Energy. The weight of the Energy sector is capped at 29%. With historically low correlation with bonds and equities, commodity is an asset class offering additional diversification possibilities in portfolio management.

Main characteristics of  the ETF:

EasyETF GS Ultra Light Energy
Total Expense Ratio (TER): 0.50%
Benchmark Index: GSUE TR
ISIN Code: LU0246046329
Trading Code: GSUEUR
Multiple:  1/10 of the index
Currency: Euro
Specialist: Banca IMI S.p.A.