Bloomberg reported ETF Securities Ltd. said outflows from its precious metals exchange-traded commodities were $234 million last week.
Business Insider reported on ETFs launched, filed and closed in the month of October.
ETF Securities USA LLC announced today,as of January 4, 2010, total assets under management of its six products now exceed $3.5 Billion
ETF Securities USA announced today the total assets for its' six products, now exceed $3 Billion .
India Info Online.com reports that Palladium ETFs tracked by Bloomberg increased their holdings by 36 100 ounces in the last three days.
Morningstar.com reports that Glitter (NYSE:GLTR), the first ever precious metals basket ETF, launched on Friday, allowing investors to have ownership of each share equal to about 0.03 troy ounces of gold, 1.1 ounces of silver, 0.006 ounces of palladium, and 0.004 ounces of platinum.
Commenting on the AUM milestone for PALL; William Rhind, Strategic Director for ETFS Marketing LLC, said: “PALL reaching $500m is another strategic milestone for ETF Securities in the US market. The interest in both PALL and its sister product, PPLT (Platinum) may indicate investors are looking to diversify their portfolios to hold more precious metals [...]
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ETF Securities declared that it is is pushing for the creation of the first-ever US exchange-traded platinum and palladium funds. For full story, click here
Palladium surged 10.3% in March, and by 3rd April reached $221/oz, its highest fix since September. Palladium has been boosted by glimmers of a recovery in its demand prospects. For full story, click here
Monday, December 5, 2011