ETF Securities Passes $3 Billion in US Assets Under Management

ETF Securities USA announced today the total assets for its’ six products, now exceed $3 Billion .

The press release is quoted as saying:

ETF Securities is the first US ETF Sponsor to provide investors with access to a full suite of precious metal ETPs. Investors can now trade physically backed Gold, Silver, Platinum, Palladium and a Precious Metals Basket ETPs from the same provider. The six precious metal ETPs have the following key features:Track spot price of underlying metal less associated management fees; physically backed by underlying bullion ; minimal counterparty risk ;Bullion holdings audited by specialist audit firm biannually;Options are trading on ETFS Physical Swiss Gold Shares (SGOL) and ETFS Physical Silver Shares (SIVR).

William Rhind, Strategic Director for ETFS Marketing LLC, says:

“Reaching $3 billion is another strategic milestone for ETF Securities in the U.S. market. Whether you want to invest in all four metals or just the white ones, GLTR and WITE provide simple cost effective portfolio completion strategies helping to diversify precious metals exposure”.

To access the full release, click here.