"EasyETF GSCI" ETF

[synchro]

Has anyone trade/invested in the new GSCI ETF in Europe? It is not available in the US, but is traded on the Swiss and German exchanges.

I came acros this thing by googling "commodities ETF":

http://www.axa-im.com/index.cfm?pag...&servedoc=33F0EBC0-BCDF-4043-8324675BB99D0361

The version on the Swiss stock exchange is denominated in USD, the one in Germany is denominated in EUR.

http://www.swx.com/trading/products/funds/finder_etf_detail_en.html?id=GSCID

According to IB's TWS, the German version is available (or at least recognized by TWS) as symbol IM2E

 

[risktaker]

I looked at some etf's a while back on Euronext and the bid-ask spread was lousy. Unless you held it for days, it wouldn't make sense. I suspect it's probably the same with this. Anyway, nowadays whenever these big and well-capitalized crooks...err brokers promote and make these etf's available to the public, it means 2 things. The public gets skinned some more and the indexes themselves will have more fake moves.