Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Platinum ETFs On the Up and UP Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 05, 2010

Platinum ETFs On the Up and UP

by: Daniel Tovrov

The two shinny, new ETFs from ETF Securities, launched only three weeks ago, have already earned more than $500 million and are driving prices up in a niche market, The Wall Street Journal's Fund Track reported Friday.

The Physical Platinum Shares and ETFS Physical Palladium Shares, both with an expense ratio of 60 basis points (bps), are helping lift the prices of platinum and palladium to a twelve-month-high. Both funds, as with all metal-backed ETFs, physically purchase units of the metals.

Palladium is a rare metal, part of the platinum family, that can be used in consumer electronics, jewelery, aircraft parts, and catalytic converters. The Journal's Ian Salisbury worries that if the price of the metals keeps getting higher, other industries that rely on platinum and palladium could suffer.

The ETFs are the first ever U.S. platinum group metals-backed fund.

 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use