ETFWorld.co.uk

Source announce that its Source Physical Gold-ETC (BBG: SGLD LN) has crossed US$3 billion in assets.

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As demand for precious metals has continued, investors have increasingly adopted physicallysecured ETPs as their vehicle of choice…..


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      The Source Physical Gold P-ETC is now among the largest exchange-traded physical gold products globally, with an annual fee of 0.29%. In 2011, the Source Physical Gold P-ETC added over US$1.2 billion in net new assets and traded over US$4 billion on the LSE. So far in 2012, the product has added over US$587 million in net new assets and already traded over US$4.2 billion on the LSE, ranking it in the top five ETPs traded on the LSE for the year. 

      Commenting on this new asset milestone, Stefan Garcia, head of commodity ETC sales at Source said, “For some investors, gold has become a core holding in their portfolios with the percentage of exposure shifting with market dynamics. Physical ETCs are one of the more practical solutions for implementing that exposure.”

      Source P-ETCs combine the convenience and liquidity of an ETP with the reassurance of physicalholdings. Each P-ETC is secured by physical metal held in J.P. Morgan’s London vaults.

      The Source P-ETC and T-ETC platforms have raised US$3.1 billion across 23 products since launch in April 2009 – According to Deutsche Bank, as of July 2012, Source is the 2nd largest commodity ETC provider in Europe.

      Source P-ETCs

      Product name

      BBG ticker

      Exchange

      Base/Trading currency

      Fee

      Source Physical Gold P-ETC

      SGLD LN

      LSE

      USD/USD

      0.29 p.a.

       

      SGLD LN

      LSE

      USD/GBP

      0.29 p.a.

       

      8PSG GR

      XETRA

      USD/EUR

      0.29 p.a.

       

      SGLD SW

      Six Swiss Exchange

      USD/USD

      0.29 p.a.

      Source Physical Silver P-ETC

      SSLV LN

      LSE

      USD/USD

      0.39 p.a.

      Source Physical Platinum P-ETC

      SPPT LN

      LSE

      USD/USD

      0.39 p.a.

      Source Physical Palladium P-ETC

      SPAL LN

      LSE

      USD/USD

      0.39 p.a.

      Source: ETFWorld – Source