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ETF Stats For October 2011: YTD Launches At 275Ron Rowland • Mon, Nov 7, 2011 -
October ETF Roundup: Launches, Filings, ClosuresMichael Johnston • Tue, Nov 1, 2011 -
VelocityShares Launches 8 Precious Metals ETNsRon Rowland • Tue, Oct 25, 2011
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ETF Stats For October 2011: YTD Launches At 275Ron Rowland • Mon, Nov 7, 2011
-
October ETF Roundup: Launches, Filings, ClosuresMichael Johnston • Tue, Nov 1, 2011
-
VelocityShares Launches 8 Precious Metals ETNsRon Rowland • Tue, Oct 25, 2011
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at MarketWatch.com (Sep 14, 2012)
IPLT vs. ETF Alternatives
IPLT Description
"The VelocityShares 2x Inverse Platinum ETNs linked to the S&P GSCI® Platinum Index ER (the “ETNs”) are
senior, unsecured obligations of Credit Suisse AG
(“Credit Suisse”) acting through its Nassau branch.
The ETNs seek to provide inverse exposure to two
times (2x) the daily performance of the S&P GSCI®
Platinum Index ER (the “Index”) plus a daily accrual
equal to the return that could be earned on a notional
capital reinvestment at the three month U.S. Treasury
rate as reported on Bloomberg under ticker USB3MTA,
less the daily investor fee. The ETNs are intended to
provide traders with an exchange traded instrument
enabling them to efficiently express their market views
on the COMEX platinum future."
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 10, 11:28 AM Anglo American Platinum (AGPPY.PK) appeases labor tensions but disappoints investors by agreeing to cut fewer jobs than proposed and to keep more of its production on line as a result. Amplats now estimates 2013 platinum production at 2.2M-2.4M oz. vs. an earlier forecast of 2.1M-2.3M, feeding concerns that supply could exceed demand this year. Platinum -2.5% to $1,479.10. Comment! [Commodities]
- Wednesday, March 27, 2:25 PM Russia and South Africa, which together hold ~80% of the world’s platinum-group metal reserves, reportedly plan to create an OPEC-type cartel to coordinate exports. Like OPEC, the two countries would want to be able to create a floor under platinum prices, which would help their important domestic mining industries in terms of profitability and allow them to pay poor and increasingly militant miners better wages. 7 Comments [Commodities, Global & FX]
- Tuesday, February 19, 6:06 AM Anglo American Platinum (AGPPY.PK) has suspended production at all its South African operations today due to wildcat strikes after at least 13 people were injured in inter-union violence at one of its mines yesterday. The stoppage follows violent industry wide strikes last year, which cost the mining industry 15B rand ($1.68B) of lost revenue, and comes ahead of wage talks. Platinum futures +0.9%. 2 Comments [Commodities, Top Stories]
- Wednesday, February 13, 4:59 PM While prices for gold and silver drift lower, platinum's premium to gold surged to a 17-month high on concern supply may fall after Zimbabwe's government seized land from the country’s biggest platinum producer Zimplats, majority owned by Impala Platinum. Commerzbank analysts expect further production outages which could increase the platinum supply deficit on the world market. Comment! [Commodities, Global & FX]
- Thursday, January 17, 8:27 AM South Africa's mining sector could face more protests if companies cut more workers, union officials say, as Anglo Platinum's planned 14K-employee layoff shows the company isn't "putting the interests of the country at heart" and is an example of South Africa not benefiting from its minerals. Several hundred workers who had refused to work returned to allow unions to meet with the company. Comment! [Commodities]
- Monday, January 14, 8:35 AM Anglo American Platinum expects to swing to a loss for 2012 after a strike that cut production and sales, a sign of what's to come for other strike-hit South African miners. Earnings also will be hit by a writedown from the closure of some mines deemed not viable to run. Platinum has been outshining gold of late, in part on strained supply from South Africa. Comment! [Commodities, Global & FX]
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