Dry bulk freight futures will soon find a new audience as a US-based fund manager looks to offer an exchange traded fund that will track Forward Freight Agreements (FFA).
ETF Managers Capital filed with US securities regulators to offer the Breakwave Dry Bulk Shipping ETF.
Breakwave, which will trade under the ticker "BDRY", aims to provide investors direct exposure to the dry bulk market through holding long positions in dry bulk freight futures.
