ETF Securities USA LLC (ETFS) announced today that the total assets under management of its six products; ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT), ETFS Physical Palladium Shares (PALL), ETFS Physical Precious Metals Basket Shares (GLTR) & ETFS Physical White Metal Basket Shares (WITE) now exceed $3.5 Billion as of January 4th, 2010.
Commenting on this milestone for ETF Securities in the US, William Rhind, Strategic Director for ETFS Marketing LLC, commented:
“Reaching $3.5bn in AUM is fantastic news and another key milestone for our business. Investor concern over sovereign debt and deficit problems continues to be a key theme driving client demand for exposure to precious metals. To meet client demands, ETF Securities now offers diversified precious metals baskets such as GLTR and WITE in addition to the individual metals.”
For more information please contact the US marketing agent, ETFS Marketing on 212-918-4954 or visit our website: www.etfsecurities.comETF Securities is the first US ETF Sponsor to provide investors with access to a full suite of precious metal ETPs. Investors can now trade physically backed Gold, Silver, Platinum, Palladium, Precious Metals Basket and White Metals Basket ETPs from the same provider. The six precious metal ETPs have the following key features:
- Track spot price of underlying metal less associated management fees
- Physically backed by underlying bullion – minimal counterparty risk
- Bullion holdings audited by specialist audit firm biannually – audit reports published on the website www.etfsecurities.com
- Options (1) are trading on ETFS Physical Swiss Gold Shares (SGOL) and ETFS Physical Silver Shares (SIVR).