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iPath DJ UBS Platinum Trust Sub-Index ETN (PGM)

- NYSEARCA
  • Jul. 21, 2014, 4:36 AM
    • Anglo American's (OTCPK:AAUKY) subsidiary, Amplats, is planning to sell its Union mine, Rustenburg operations and a joint venture in South Africa.
    • The move will reduce the miner's staff count by 20k, and follows a continuous five-month strike against the company by the AMCU union.
    • The mine is expected to be sold to Sibanye Gold (NYSE:SBGL), whose CEO Neal Froneman announced a wish for a platinum deal before the end of the year.
    • ETFs: PPLT, PTM, PLTM, PGM
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PGM Description
The Dow Jones-UBS Platinum Subindex Total ReturnSM is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnSM and is intended to reflect the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The Dow Jones-UBS Platinum Subindex Total ReturnSM is a single-commodity sub-index currently consisting of one futures contract on the commodity of platinum, which is included in the Dow Jones-UBS Commodity Index Total ReturnSM.
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