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ETF Securities USA LLC (ETFS) today announced that the total assets under management (AUM) of its U.S.-listed products is now $4.7 billion, which represents 15% of the firm’s new total of roughly $31 billion in AUM worldwide as at the end of August 2011.
“ETF Securities entered the U.S. market in July 2009 and we have exceeded $4.5 billion in AUM in just over two years,” said William Rhind
1, Managing Director at ETF Securities (US) LLC based in New York, NY. “We are delighted with the progress we are making in the United States and hope to expand our presence here with a new range of exchange-traded products.”
U.S.-Listed PPLT Now Largest
The company also today announced that its Physical Platinum Shares (PPLT) is now the world’s largest physically-backed Platinum ETP in terms of AUM, which stood at $886 million on August 31, 2011. This figure represents roughly 480,000 ounces of platinum stored in secure vaults located in London, U.K. and Zurich, Switzerland.
“ETF Securities has the two largest physically-backed Platinum ETPs in the world, which represent almost 60% of AUM in all physically-backed Platinum ETPs globally,” said Rhind. “Our PPLT in the U.S. is now larger than its ETFS counterpart in Europe, which may reflect growing demand from U.S. investors for platinum funds – and precious metals funds generally – during uncertain economic times.”
PPLT began trading on the NYSE ARCA on January 8, 2010 and has since firmly established itself in the physically-backed product landscape. PPLT offers exposure to platinum at the lowest management fees
2 of any platinum ETP in the U.S. market at 60 basis points (bps)
The highlights of PPLT are:Physically-backed: PPLT shares represent interest in physical platinum held in secure vaults located in London, U.K. and Zurich, Switzerland
Competitively Priced: Currently, at 60 bps, the expense ratio of PPLT is the lowest of any ETP in the U.S. market that offers exposure to platinum
Platinum Bullion Audited: All daily platinum bar numbers as well as vault audit reports are published on our website at:
ETFS currently has seven listed products in the U.S.: 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).