London-based ETF Securities Ltd. continues to expand its line of commodity ETFs at a torrid pace, announcing this week that five ETFs holding precious metals will begin trading on the Tokyo Stock Exchange later this month. The new funds are:
- Physical Gold
- Physical Silver
- Physical Platinum
- Physical Palladium
- Physical Precious Metals Basket
Rapid Growth
ETF Securities is perhaps best known as the firm behind the launch of the world’s first gold ETC in 2003 and first oil ETC in 2005, but the company has been expanding quickly beyond the UK in recent months.
In July, ETFS made launched its first U.S.-listed product, the ETFS Silver Trust (SIVR). Driven by a best-in-class expense ratio (0.30% compared to 0.50% for iShares’ SLV), enhanced transparency, and the firm’s reputation for expertise in physically-backed exchange-traded products, SIVR was an immediate hit with investors, surpassing the $80 million in assets mark within a few weeks of launch and now approaching a market capitalization of $100 million. (more)
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