A New ETF To Play Precious Metals
As the appeal for precious metals continues to prevail, ETF provider, ETF Securities, announced that its newest product, the ETFS Precious Metals Basket (GLTR), will begin trading on the NYSE Arca tomorrow.
This new ETF will be the first of its kind enabling investors to gain access to physically backed gold, silver, platinum and palladium all in one security. The actual gold, silver, platinum and palladium bullion that the ETF is backed by is expected to be held by the trust, vaulted in London and Switzerland and inspected biannually by the independent metal assayer, Inspectorate International.
Furthermore, GLTR will carry an expense ratio of 0.60% and seeks to replicate the performance of the price of Gold, Silver, Platinum and Palladium, less the Trust’s expenses.
ETF Securities has already made its footprint in precious metal ETFs through its ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL), which have combined assets under management of US$2bn as of September 28th, 2010.
As for the future of GLTR, both micro and macroeconomic forces remain favorable for precious metals, giving GLTR all the right tools to attract assets and answer the prayers of investors who are in search of a one-stop-shop way to play a diversified basket of precious metals.
Disclosure: No Positions
About SmartStopsWe are a new service launched to the market in July of 2008. Our mission - to help ensure stock and etf investors stay protected in their positions at all times. see www.smartstops.net
As George Soros says:
- With stocks near a record high, is a change of fortune just around the corner? blog.smartstops.net/2017/04/13/wit… 1 week ago
- KMX Aggressive Exit - CarMax Inc [$KMX] Aggressive Exit at $58.47 on 31-Mar-17 02:30 PM EST ow.ly/s9I150ayJUA 3 weeks ago
- BMY Aggressive Exit - Bristol-Myers SQUIBB [$BMY] Aggressive Exit at $54.48 on 31-Mar-17 01:14 PM EST ow.ly/beWv50ayJUB 3 weeks ago
- PLD Aggressive Reentry - ProLogis [$PLD] Aggressive Reentry at $51.80 on 31-Mar-17 12:12 PM EST ow.ly/KUIA50aywQ4 3 weeks ago
- AN Aggressive Exit - AutoNation Inc [$AN] Aggressive Exit at $42.46 on 31-Mar-17 11:41 AM EST ow.ly/Uf8X50ayt2C 3 weeks ago