-ETFS Physical Platinum Shares (PPLT) AUM now stands at $598.3M (as of May 4th, 2010)
-ETFS Physical Swiss Gold Shares (SGOL) AUM now stands at $402.0M (as of May 4th, 2010)
-ETFS Physical Palladium Shares (PALL) AUM now stands at $367.1M (as of May 4th, 2010)
-ETFS Physical Silver Shares (SIVR) AUM now stands at $141.1M (as of May 4th, 2010)…
ETF Securities USA LLC (ETFS) announced today that the total assets under management of its four products; ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL) now exceeds $1.5 Billion as of May 4th, 2010.
ETF Securities is the first US ETF Sponsor to provide investors with access to a full suite of precious metal ETFs. Investors can now trade physically-backed Gold, Silver, Platinum and Palladium ETFs from the same provider. The four precious metal ETFs have the following key features:
- Track spot price of underlying metal less associated management fees(1)
- 100% physically backed by underlying bullion – minimal counterparty risk
- Gold vaulted in Switzerland
- Silver, Platinum & Palladium vaulted in London and Switzerland
- Bullion holdings audited by specialist audit firm biannually
- Bullion bar list published on website
- Low cost(1)
Commenting on this milestone for ETF Securities in the US, William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:
“Reaching $1.5 billion in such a short time is fantastic news. While global economic data has continued to improve, a key concern of many investors’ is how sustainable this recovery will be given growing sovereign turmoil and the need for most developed economies to dramatically tighten fiscal policy. In this uncertain environment, our precious metals ETF offering provides investors with exposure to physical bullion in a vault. I think the simplicity of our offering really resonated with investors”
(1) Ordinary brokerage fees do apply.
Source:ETFWorld – ETFSecurities
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