PPLT's launch couldn't have been more perfectly timed -- a result of good luck and market conditions. ETF Securities filed for PPLT and the accompanying ETFS Physical Palladium Shares(PALL) back in early 2009, first introducing the idea of a physically-backed platinum product to U.S. investors.
Already familiar with products like GLD and iShares Silver(SLV), ETF investors were ready to embrace a new way to access an extraordinarily expensive asset. Having already introduced two successful physically backed products into the U.S marketplace to compete with already-entrenched competitors, ETF Securities was ready to make its name as a first-mover in the platinum space. As a new participant in the U.S. ETF marketplace, ETF Securities had to rely on strategy -- rather than notoriety -- when introducing PALL and PPLT. They stepped into a gap in the ETF industry and presented a new investment vehicle to an equity-wary investor pool. In his article about the process of Oscar campaigning, Harris notes "there is no war room, per se, but there are early front-runners that fade, grassroots insurgencies, even primaries. Ultimately, most of the nominees emerge from a combination of good planning, good movies, and good luck." PPLT has been able to capitalize on a booming segment of the ETF industry, an exciting new strategy, and a moment in market history. While other ETFs will ultimately enter the exchange-traded space in 2010 and compete for the attention of investors, PPLT has already made its mark and this product won't be easily forgotten in the months ahead. -- Written by Don Dion in Williamstown, Mass.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn MoreOptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn MoreReal Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn MoreStocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |


Connect with TheStreet