NEW YORK ( TheStreet) -- Platinum has seen a nice upward trend in 2010 and increased demand from the heavy-duty transportation sector and the industrial sector are expected to provide further positive price support to platinum-based exchange traded funds like the ETFS Physical Platinum Shares (PPLT), the iPath DJ-UBS Platinum TR Sub-Idx ETN (PGM), UBS E-TRACS Long Platinum Index (PTM) and the First Trust ISE Global Platinum Index (PLTM).A primary driver behind the expected elevated demand for catalytic converters made of platinum is because of their ability to reduce noxious vehicle emissions. According to the Wall Street Journal, Johnson Matthey, which controls nearly one-third of the market for platinum and palladium-coated catalytic converters, witnessed a 72% increase in sales of heavy-duty diesel catalytic converters during the first six months of the year as catalyst demand increased.
- ETFS Physical Platinum Shares holds physical platinum;
- iPath DJ-UBS Platinum TR Sub-Idx ETN, which tracks the Dow Jones-UBS Platinum Subindex Total ReturnSM, is a single-commodity sub-index currently consisting of one futures contract on platinum;
- UBS E-TRACS Long Platinum TR ETN tracks an index that measures the collateralized returns from a basket of platinum futures contracts which are targeted for a constant maturity of three months;
- First Trust ISE Global Platinum Index tracks an index designed to track public companies that are active in platinum group metals mining. Top holdings include MMC Norilsk Nickel JSC, Impala Platinum Holdings and Johnson Matthey.