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ETF Securities – passes $1 Billion in assets under management in the US ETF market

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ETF Securities – passes $1 Billion in assets under management in the US ETF market

      • Major milestone for the company proving success of the first full precious metal ETF platform in US: Gold (SGOL), Silver (SIVR), Platinum (PPLT) and Palladium (PALL) with trading volumes over 50,000 shares a day and assets of over 500m
      • Strong demand for newly launched ETFS Physical Platinum (PPLT) and ETFS Physical Palladium (PALL) shares
      • ETFS Physical Swiss Gold Shares (SGOL) AUM now stands at $336.28M (as of February 1, 2010)
      • ETFS Physical Silver Shares (SIVR) AUM now stands at $129.63M (as of February 1, 2010)
      • ETFS Physical Platinum Shares (PPLT) AUM now stands at $372.24 (as of February 1, 2010)
      • ETFS Physical Palladium Shares (PALL) AUM now stands at $169.52M (as of February 1, 2010)

      February 3, 2010 – ETF Securities USA LLC (ETFS) announced today that the total assets under management of its four products; ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL) now exceeds $1 Billion as of January 27, 2010 after experiencing elevated trading volumes since launch.

      ETF Securities is the first company to provide investors with access to a full suite of precious metal ETFs. Investors can now trade Gold, Silver, Platinum and Palladium from the same provider. The four precious metal ETFs have the following key features:

      • Track spot price of underlying metal less associated management fees (1)
      • 100% physically backed by underlying bullion – minimal counterparty risk
      • Gold vaulted in Switzerland
      • Silver, Platinum & Palladium vaulted in London and Switzerland
      • Bullion holdings audited by specialist audit firm biannually – audit reports published on the website Etfsecurities.com
      • Bullion bar list published on website
      • Low cost(1)

      Commenting on this milestone for ETF Securities in the US, William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:

      “Crossing $1 billion in our 4 US ETFs is a landmark moment. We have been incredibly pleased with the reception our precious metal ETFs have received from the market. Providing a one stop shop for precious metals investing has really resonated with investors. We will endeavor to bring more products to market as we aim to become the leading provider of commodity ETFs in the US market”

      Source: ETFWorld – ETFSecurities

       


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