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ETF Daily News reported since the launch of ETFS Physical Palladium Fund (NYSE:PALL), regulators worried that the ETF may corner the market for physical palladium.
ETF Daily News reported since the launch of ETFS Physical Palladium Fund (NYSE:PALL), regulators worried that the ETF may corner the market for physical palladium.
As quoted in the market news:
So far this year, Palladium has failed to keep pace with other well known metal funds.
Palladium is 100% tied to automotive production. More common in catalytic converters than platinum, as much as 60% of palladium demand comes from the automotive industry. It’s not all that difficult to see the relationship between palladium and automakers when you examine the performance of palladium to automaker stocks.
Click here to read the full ETF Daily News report.