Credit Suisse Looking To Expand It’s ETF Business With Commodity ETF’s

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September 28, 2009 1:50pm ETF BASIC NEWS

credit-suisse“Credit Suisse Group AG, Switzerland’s second-largest bank, may expand its exchange- traded funds to include commodities such as precious metals

. Assets in the bank’s existing 24 Zurich-listed ETFs for bonds and global equity indexes totaled about 7.8 billion Swiss francs ($7.6 billion) as of Sept. 24, said Thomas Merz, head of marketing and distribution at the bank’s asset management unit,” Chanyaporn Chanjaroen Reports From Bloomberg.

“We’re exploring various options and we’re looking into commodities including precious metals,” Merz said today by phone from Zurich, where the bank is based. “The bank has not decided which commodity will come out first.”

“Investment flows into commodity products advanced to $2.63 billion last month, at least double the amount recorded for any August, Barclays Capital said Sept. 10. Exchange-traded products attracted $1.74 billion, according to the bank,” Chanjaroen Reports.

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