ETF Securities is seeking to launch a total of seven physical industrial metals exchange-traded funds (ETFs), Index Universe reports. The U.S. physical precious metals funds focused firm has filed with the Securities and Exchange Commission for the funds. The price of each portfolio will be based on the cash settlement price of each metal on the London Metals Exchange. Six of the ETFs will be separate commodities and the seventh a basket of the other six. The seven proposed ETFs include the ETFS Physical Aluminum, the ETFS Physical Copper and the ETFS Physical Lead.

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