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Goldman Sachs lists exchange-traded note based on commodity futures index

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Goldman Sachs has listed its first exchange-traded note, the GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN, on the New York Stock Exchange.

Goldman Sachs has listed its first exchange-traded note, the GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN, on the New York Stock Exchange.

The ETN is based on the S&P GSCI Enhanced Commodity Total Return Strategy Index, a total return index that reflects the excess returns and the interest on funds potentially available through an unleveraged investment in the commodity futures contracts included in the S&P GSCI Index.

The S&P GSCI Enhanced Commodity Total Return Strategy Index modifies certain rolling rules of the S&P GSCI index with the goal of generating enhanced returns.

‘The GS Connect S&P GSCI Enhanced Commodity Total Return Strategy Index ETN gives investors unique exposure to a production and liquidity-weighted basket of commodities with active and liquid contracts from major industrialised countries,’ says Lisa Dallmer, a senior vice-president at NYSE Group for exchange traded funds and indexes.

‘We are pleased to have Goldman Sachs Group list its first exchange-traded note on the NYSE. We look forward to providing investors and market professionals with a superior market quality for trading [the note].’

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