ETF Securities USA LLC (ETFS) announced today that the total assets under management of its 7 US listed 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) and ETFS Asian Gold Shares (AGOL) exceeded $4 Billion on March 9th, 2011.
Commenting on this milestone for ETF Securities in the US, William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:
"To reach $4 billion in assets under management in such a short timeframe is fantastic for our US business. The current economic events and inflationary concerns in the global economy have propelled Gold and Silver prices to new highs. The spot price of Gold as measured by the London Bullion Market Association hit an all time high of $1437.5oz on March 7
, and Silver, a new 31-year high of $36.60oz on the same day. We’ve seen good levels of interest from investors for our diversified metals baskets; GLTR and WITE and demand for gold vaulted in Switzerland (SGOL) and Asia (AGOL)."
For more information please contact the US marketing agent, ETFS Marketing on 212-918-4954 or visit our website:
ETF 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:
The ETFS Asian Gold Trust, ETFS White Metals Basket Trust, The ETFS Precious Metals Basket Trust, The ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust and ETFS Platinum Trust are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Please read the prospectus carefully before investing.
- Track spot price of underlying metal less associated management fees (1)
- 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 (2) are trading on ETFS Physical Swiss Gold Shares (SGOL) and ETFS Physical Silver Shares (SIVR).
The Sponsor expects that, for many investors, costs associated with buying and selling the Shares in the secondary market and the payment of the Trusts ongoing expenses will be lower than the costs associated with buying, selling, storing and insuring bullion in a traditional allocated bullion account. Ordinary brokerage fees do apply.
Options are not suitable for all investors, please contact your financial adviser before investing.
William Rhind is a registered representative of ALPS Distributors Inc.