ETF Securities New ETF to hold Gold ETF, Palladium, Platinum and Silver
About: Gold ETF, ETF Securities, SPDR Gold Shares (NYSE: GLD), U.K.-based ETF Securities, ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL), ETFS Physical Silver Shares ETF (NYSE: SIVR), iShares Silver Trust (NYSE: SLV), ETFS Physical Platinum ETF (NYSE: PPLT), ETFS Physical Palladium ETF (NYSE: PALL), ETFS Physical PM Basket Shares, exchange traded funds (ETFs), ETF Profit Report
ETF Securities, the ETF issuer behind four precious metals-based ETFs currently available to U.S. investors, is planning a new ETF that will hold a basket of physical gold, palladium, platinum and silver. ETFs that are backed by physical commodities rather than futures contracts have been popular with investors. Just look at the SPDR Gold Shares (NYSE: GLD), which is backed by physical gold and is the second-largest ETF in the world by assets.
U.K.-based ETF Securities issues the ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL), which is a competitor to GLD. The company also issues the ETFS Physical Silver Shares ETF (NYSE: SIVR), which competes with the popular iShares Silver Trust (NYSE: SLV).
ETF Securities was also the first company to introduce ETFs backed by physical palladium and platinum to U.S. investors. The ETFS Physical Platinum ETF (NYSE: PPLT) and the ETFS Physical Palladium ETF (NYSE: PALL) came to market last month and have proven popular with investors thus far. Combined, the four ETF Securities ETFs have $1 billion in assets, an impressive total given that none of them have been on the market for a year.
The new ETF will be called the ETFS Physical PM Basket Shares and its value will be based on London afternoon prices for gold, palladium, platinum and silver. Given that the ETF will hold physical bullion watch for a spike in the price of those metals as ETF Securities removes supply from the market.
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Disclosure: no positions