LSE to launch silver tracker fund

A silver price tracker fund, also known as an exchange traded fund, is expected to be launched on the London Stock Exchange within the next month by ETF Securities, which has already launched an oil-backed ETF on the LSE.

The planned new investment product is separate to the silver-backed ETF filed by Barclays (NYSE:BCS - news) Global Investors with the Securities and Exchange Commission, which is expected to make a decision shortly on the proposal.

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