ETFS Physical Palladium Shares Breaks $1B in Assets

Source:

"PALL reaching $1 billion is another landmark."

Commenting on the AUM milestone for PALL, William Rhind, head of sales and marketing for ETFS Marketing LLC, said:
"PALL reaching $1 billion is another landmark event for ETF Securities in the U.S. PALL is now our second ETP to cross $1 billion after ETFS Physical Gold Shares. The interest in both PALL and its sister product, ETFS Physical Platinum Shares PPLT may indicate broader investor awareness to gain commodities exposure into more industrial-oriented metals at this juncture."
The objective of the ETFS Palladium Trust (PALL) shares is to reflect the performance of the price of palladium, less the trust's expenses. The trust is open ended and is designed for investors who want a cost-effective and convenient way to invest in palladium.

ETFS Palladium Trust (PALL) is backed by palladium-allocated bullion in plate and ingot form stored in secure vaults in London and Switzerland by the Custodian JPMorgan Chase Bank, N.A., one of the world's leading custodians for precious metals. The shares represent an interest in physical palladium bullion owned by the trust. The physical palladium allocated bullion of the trust is subject to minimal counterparty or credit risks, which contrasts with other offerings that achieve bullion exposure through the use of derivatives.

ETFS Gold Trust, ETFS Palladium Trust and ETFS Platinum Trust are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the trusts are not subject to the same regulatory requirements as mutual funds.

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