Gold and Silver
VelocityShares' metals exchange traded product suite includes leveraged long and inverse strategies in futures on gold and silver, as measured by the S&P GSCI. While institutional investors have available a variety of instruments (such as futures, swaps and forwards) to express views on metals, this suite of exchange traded products provides a potential alternative with distinct features.
These products seek to provide sophisticated institutional investors with exchange traded instruments for managing risk or expressing short-term market views. The long products are designed to increase in value by a daily-resetting 3x multiple of an increase in the underlying index, while the inverse products are designed to increase in value by a daily-resetting 3x multiple of a decrease in the underlying index. For example, the inverse silver ETN DSLV might be used to express a view of being "short silver."