The finances of food are making news in the United Kingdom, as banks have filed final terms for a series of financial products designed to profit from a rise in global food prices.
Westlaw Business Currents looks into the issue in a post titled “Food Price Speculators Feasting on Financial Innovation.”
Christopher Elias details how several banks are involved, including Deutsche Bank, and the food products in question. He writes:
[Deutsche Bank] recently issued 10,000 db S&P GSCI Energy ETC Securities due 2060 through DB ETC Index plc, its Jersey incorporated subsidiary. The securities are linked to an S&P GSCI Agriculture Index “designed to provide an exposure to the agriculture sector in a commodity asset class on a total return basis”. The index reflects an investment in 8 different agriculture commodities including; wheat, Kansas wheat, corn, sugar, soybean, coffee, cocoa and cotton.
You can read the full post on Westlaw Business Currents.
Posted by Kevin Hunt in:
In Business | Industry trends |
