PLEASE NOTE:
Exchange Traded Commodities (ETCs) are not Exchange Traded Funds (ETFs). ETCs can be bought and sold like ETFs. Both instruments are open-ended and have transparency. The difference is (and this is important); ETCs use a secured, undated, zero coupon note structure, whereas ETFs typically use a fund structure.
What are ETCs?
ETCs are simple and transparent open-ended securities which trade on regulated exchanges. ETCs enable investors to gain exposure to commodities without trading futures or taking physical delivery. These products track the underlying commodity index or individual commodity.