Creator of Gold ETF Launches New Oil ETF

Graham Tuckwell has launched another commodity exchange-traded fund, purported to be the worlld's first oil ETF, Oil Securities (OSL), which will trade on the London Stock Exchange. According to the firm, "Oil Securities have been designed to enable investors to gain exposure to oil prices without needing to purchase or take physical delivery of oil or to trade in futures contracts. Investors can then simply buy and sell that interest through the trading of a security listed on the London Stock Exchange." Additional information is available at the Oil Securities web site.

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(May '04-Jun '05)