BNPP RICI Enhanced Nickel (ER) Index EUR Hedge ETC
0GZC.DE
Deutsche Börse53.18
EUR
+0.42
(+0.17%)
BNPP RICI Enhanced Nickel (ER) Index EUR Hedge ETC
0GZC.DE
(Deutsche Börse)
Recent
price
53.18
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- BNP Paribas Issuance B.V. issues the RICI EnhancedSM Nickel (ER) Index EUR Hedge ETC (ticker: 0GZC.DE, ISIN: DE000PZ9REN1), a collateralized exchange-traded commodity that synthetically replicates the currency-hedged performance of the RICI Enhanced Nickel Excess Return Index; the product tracks nickel futures with roll optimization to manage contango effects, provides total return through reinvested interest, and is overcollateralized by 105% with a management fee of 1.20% per year including collateralization costs. Issued on August 7, 2019, by BNP Paribas Issuance B.V. in Amsterdam, Netherlands, with BNP Paribas Arbitrage S.N.C. as counterparty and Clearstream Banking AG as trustee, the ETC trades on the Frankfurt Stock Exchange (Xetra) and Stuttgart Stock Exchange, targeting investors seeking exposure to enhanced nickel commodity returns; it is UCITS-eligible, offered publicly in Germany, Austria, and Luxembourg, and operates without physical delivery or leverage. The underlying RICI Enhanced Nickel (ER) Index, governed by the Rogers International Commodity Index Enhanced framework, assigns nickel approximately 4.76% weight within the metals segment as of recent rebalancing rules; no major acquisitions, funding rounds, or strategic shifts have occurred in the last 1-2 years, with ongoing operations focused on daily tradability and EUR hedging amid volatile nickel markets.