Markets

Jovian Launches New ETFs Tracking Gold, Silver Price Spreads

Jovian Capital Corp (JOV.TO) is down 5 cents at $11.30 a share in light volume today with the financial services company saying it is launching a pair of new exchange-traded funds (ETFs) allowing investors to play the spread between the prices of gold and silver.

The new ETFs are structured to correspond to relative changes in price between COMEX gold and silver future contracts rather than the overall direction of the contracts. Jovian last year created similar ETFs for investors to bet on rises and falls in the spread between crude oil and natural gas futures.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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