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ETFS Precious receives recommended rating from Aegis Equities Research
Sydney, 27/10/2009
- Second accolade for ETF Securities in two months
ETF Securities (ETFS), the global pioneers of Exchange Traded Commodities (ETCs) and 3rd Generation Exchange Traded Funds (ETFs) today announced that it has obtained a “recommended” rating from Aegis Equities Research1 for its precious metals platform listed on the ASX comprising ETFS Physical Gold (GOLD), ETFS Physical Silver (ETPMAG), ETFS Physical Platinum (ETPMPT) and ETFS Physical Palladium (ETPMPD) and ETFS Precious Metals Basket (ETPMPM). These ratings were achieved following an extensive due diligence and quantitative assessment process.
Aegis’s research report found that ETF Securities physically backed precious metals ETCs “provide a unique opportunity for investors in the Australian market to gain and trade exposure to physical bullion (gold, silver, platinum and palladium) in a cost effective manner with no credit risk”. The reports added that “given the defensive nature of precious metals (gold, silver, platinum and palladium) they are a suitable investment for those investors seeking portfolio diversification.”
This comes following the surge of ETF Securities’ global assets under management (AUM) to an all-time high of A$17.1bn (US$15bn) on the back of strong investor interest in hard assets as deteriorating government finances and aggressive quantitative easing policies raise concerns about the outlook for the US dollar, British pound, other major currencies and medium-term inflation risks.
Nigel Phelan, Head of Sales, Australia and New Zealand, ETF Securities commented:
“We are delighted to receive a recommended rating from Aegis Equities Research for our precious metals ETCs listed on the ASX, which provides investors with affordable and direct access to physical bullion. “We are seeing increasing demand from institutional investors, wealth managers and Independent Financial Advisers (IFAs) across Australia who are keen to get exposure to physical bullion and take advantage of their low correlation to traditional asset classes”
ETFS has launched a range of physically-backed ETCs on the Australian Securities Exchange (ASX) - the first time gold, silver, platinum, palladium or a precious metals basket have been made available to Australian investors through ordinary brokerage accounts.
1 Aegis is one of Australia’s leading research firms, providing incisive and rigorous securities analysis to investment advisers throughout Australia and New Zealand. Established in 1999, Aegis was founded to provide unbiased and objective fundamental equities research to the Australasian market. Wholly owned by management and staff, Aegis has fulfilled its founding philosophy and is now a market leader in providing research solutions to the investment community.
For further information please contact:
Erin Taylor
Honner Media
+61 (0)2 8248 3752
+61 (0)416 366 703
About ETF Securities
ETF Securities is a provider of Exchange Traded Commodities (ETCs) and 3rd generation Exchange Traded Funds (ETFs). The management of ETF Securities pioneered the development of ETCs, with the world's first listing of an ETC, Gold Bullion Securities in Australia and London in 2003 and then the world's first entire ETC platform which was listed on the London Stock Exchange in September 2006.
ETF Securities now offers more than 150 Exchange Traded Products (ETPs) with A$17.1bn (US$15bn) in assets as of 01/10/09.
The ETFs provide investors with a wide variety of investment strategies, with ETPs offering resource equities, physical, long, forward, leveraged and short exposure to all commodity sectors. ETPs are simple to access as they are traded in five currencies (EUR, USD, GBP, AUD and JPY) and listed on nine major exchanges globally including the London Stock Exchange, the New York Stock Exchange, the Tokyo Stock Exchange, NYSE-Euronext Paris, NYSE-Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the Australian Securities Exchange and the Irish Stock Exchange.
To learn more about ETF Securities go to: www.etfsecurities.com
Regulatory Info
This press release has been issue by ETF Securities Limited, which is regulated by the Jersey Financial Services Commission, for journalists in Australia only. ETFS Metal Securities Australia Limited is a wholly owned subsidiary of ETF Securities Limited.
This press release appears as a matter of record only and does not constitute an offer to sell or an invitation to purchase any securities.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES
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