ETCs go multi-currency on the London Stock Exchange

ETF Securities has launched multi-currency versions of its most popular exchange traded commodities (ETCs) on the London Stock Exchange (LSE). The launch will give UK investors the chance to buy shares in the selected ETCs in UK sterling as well as US dollars.

The move comes in response to substantial demand for exposure to commodities in the home currency, says ETF Securities. Previously, ETCs have only been available in dollars, the currency used to trade commodities globally.

As a result of the change, investors will now be able to buy sterling priced ETCs for both ISAs and SIPPs. Multi-currency versions of the provider’s ETCs have already been rolled out across Deutsche Börse, Euronext Paris, Euronext Amsterdam and Borsa Italiana, where they are