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UBS ETRACS CMCI Long Platinum Total Return ETN (PTM)

- 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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PTM Description
UBS ETRACS CMCI Long Platinum Total Return is designed to track the performance of the UBS Bloomberg CMCI Platinum Total Return, less investor fees. The CMCI Platinum TR measures the collateralized returns from a basket of platinum futures contracts. The commodity futures contracts are targeted for a constant maturity of three months.
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