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ETF Securities launches world’s first precious metal physical commodity ETF platform in Japan
24/08/09
- Trading started today on the Tokyo Stock Exchange (TSE) of 5 commodity ETFs
- Silver, platinum, palladium and a precious metal basket ETF available to Japanese investors for the first time
- Gold - ETF Securities’ most successful commodity ETF, in terms of Assets Under Management (AUM), also listed on the TSE
Tokyo, August 24, 2009 —ETF Securities Ltd, the global pioneer of Exchange Traded Products (ETPs), today launched Japan’s first ever commodity ETF precious metals platform on the TSE, allowing investors to gain exposure to physical precious metals. The platform consists of 5 physically backed Commodity ETFs:
- ETFS Physical Gold (TSE code : 1672)
- ETFS Physical Silver (TSE code : 1673)
- ETFS Physical Platinum (TSE code : 1674)
- ETFS Physical Palladium (TSE code : 1675)
- ETFS Physical PM Basket (TSE code : 1676)
The ETFS Physical PM basket will consist of gold, silver, platinum and palladium.
This is the first time that silver, platinum, palladium or a precious metals basket have been made available to Japanese investors through ordinary brokerage accounts. The platform also includes gold, which is ETF Securities’ most successful Commodity ETF and is backed by approximately 7.5m oz of gold bullion.
Highlights of the new offering include:
- Physically-backed: ETFS Precious metals ETFs are backed 100% by physical bullion held in a London Bullion Market Association (LBMA) approved secured vault
- Efficiency: ETFS Precious metals ETFs provide investors with a return equivalent to movements in the metal’s spot price, less the annual management fee, which accrues daily
- Low Cost: ETFS Precious metals ETFs carry an annual management fee between 0.39% and 0.49%
- Liquidity: ETFS Precious metals ETFs will be supported by 6 independent market makers and authorized participants
- Transparency: All bullion bar numbers published daily at: www.etfsecurities.com
Commenting on the listing of this new range of physical commodity ETFs in Japan, Nobiru Adachi, Country Head for Japan at ETF Securities, said:
“The launch of 5 physically backed commodity ETFs on the TSE marks a new milestone for ETF Securities Ltd and we are delighted to be able to offer this platform to Japanese investors for the first time. These products open up a new investment opportunity for the Japanese market as they are simple, liquid, transparent and tax/cost effective investment tools that carry no credit risk. The platform will add diversification benefits to investors portfolio’s, as commodities which historically have been very hard to access, offer a low correlation to equities and other asset classes. This listing marks the first step of our commitment to the Japanese market.”
Mr. Atsushi Saito, President and Chief Executive Officer, Tokyo Stock Exchange, made the following comments regarding the ETFs:
“The listing of these 5 precious metal ETFs has enriched the range of ETFs offered on the TSE market. We here at the TSE will continue to promote the diversification of our listed ETFs, so that we will further develop our market’s user-friendliness and appeal, and better meet the diverse needs of investors, both domestic and abroad.”
About ETF Securities (www.etfsecurities.com):
ETF Securities now offers more than 140 Exchange Traded Products (ETPs) with $12 billion in assets under management as at 11th August 09. The ETPs provide investors with a wide variety of investment strategies. ETPs are simple to access as they are traded in five currencies (JPY, EUR, USD, GBP and AUD) and listed on seven major exchanges globally including the Tokyo Stock Exchange, London Stock Exchange, NYSE Arca, NYSE-Euronext Paris, NYSE-Euronext Amsterdam, Deutsche Börse, Borsa Italiana, the Australian Securities Exchange. ETF Securities precious metals physically backed commodity ETFs are now the largest and most liquid commodity ETFs on all major European stock exchanges with an average of US$1.6Billion (JPY 155Billion) in monthly trading and with total net assets of approximately US$7.2Bn (JPY 700Billion) as at end July 2009.
For further information please contact:
Dean Kirkness, Yumiko Minamitani or Noriko Ueno at PRAP Japan Inc.
Telephone: (813)-3486-2931
www.etfsecurities.com/jp/events/etfs_events_calls.asp
Disclaimer:
This is a press release and not for the purpose of soliciting investments nor the disclosure document in pursuant to the Financial Exchange and Instrument Law.
In Japan, neither ETF Securities Limited nor ETFS Metal Securities Limited is and has an intention to be engaged in such businesses as sales or purchase of Securities, intermediary, brokerage or agency service for sales or purchase of Securities, underwriting of Securities, public offering or private placement of Securities, dealing in public offering or secondary distribution of Securities, dealing in private placement of Securities, provision of advice under the Investment Advisory Contract, or investment of money or other properties. Therefore, this document is not for such purposes.
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