Strengthening demand for commodities has been a light at the end of the tunnel for ETF Securities after three "difficult" years, according to CEO Mark Weeks.
Speaking to Investment Week, the chief executive (pictured) said 2016 has been a turnaround year for the firm, which has struggled previously due to its heavy reliance on commodity and gold exchange-traded products. The bulk of the firm's assets sit in these two areas, but commodities have had a torrid time over the last three years and as a result demand for the products has been at rock bottom. "This has been a fantastic year, but the previous three years have been difficult, as the bulk of our assets are in the gold and commodities space," Weeks said. "This year we have seen a huge...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes