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No summer holiday for ETF Securities
as Commodity ETC assets reach all time high at $13bn
25/08/09
- ETC assets now stand $13.1bn, up 85% YTD due to inflows
- ETFS Physical Gold (PHAU) experienced record inflows in the last two weeks with new
investments totalling over $646mn
- Newly launched 3rd generation ETF platform AUM now exceeds $150m
- Recent expansion into US and Japan to fuel growth
London, 25th August 2009, ETF Securities (ETFS), the global pioneer of Commodity ETCs and 3rd
generation Exchange Traded Funds (ETFs), announced today that its global assets under
management (AUM) now exceed $13bn, up 85% or $6bn since the beginning of 2009. This strong
rise in AUM this year is the result of continued strong inflows into Commodity ETCs and also
commodity-equity ETFs.
Physically-backed gold ETCs have experienced the largest inflows, gathering over $1.4bn over the
period. With $7.1bn in assets, ETF Securities’ gold ETCs now hold more gold than any other gold ETP
in Europe, and the second largest in the world. ETFS Natural Gas and ETFS Agriculture have also
been popular with $800mn flowing into natural gas ETCs and $600mn flowing into agriculture ETCs.
17% of commodity ETC assets are now invested in energy ETCs, 11% in agriculture ETCs while
precious metal ETCs still remain the most popular sector with 67% of commodity ETC assets. In total,
trading volumes continue to remain around $800mn per week.
ETF Securities’ newly launched European ETF platform (with trading on the LSE, NYSE-Euronext,
Borsa Italiana, Deutsche Boerse and the Irish Stock Exchange) is also experiencing strong inflows in
August with its AUM now exceeding $150mn based on its newly listed European-equity double short
and double leveraged ETFs, and also its gold miners ETF: ETFX Russell Global Gold Mining Fund
(AUCO). Trading volumes have risen to approximately $70mn per week.
Due to the success of Commodity ETCs in Europe, ETF Securities recently expanded its coverage
with the opening of an office in Tokyo and launch yesterday of 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 five physically backed Commodity ETFs offering exposure to gold, silver,
platinum, palladium and a basket of these four metals. 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 Tokyo Stock Exchange listing follows the expansion of ETF Securities into the US market with
the appointment last month of ETFS Marketing LLC to provide marketing, investment research and
public relations strategies in the US and the launch by ETF Securities USA LLC of the ETFS Silver
Trust (NYSE Arca: SIVR) which now exceeds $100mn after just 4 weeks of trading. The listing is ETF
Securities’ first product in the US with SIVR experiencing high trading volumes since launch.
Commenting on ETF Securities’ success to date, Nik Bienkowski, Chief Operating Officer
said:
“ETF Securities is determined to continue providing robust, transparent and market leading products
to investors. With the success of Commodity ETCs in Europe, it made sense for ETF Securities to
increase their accessibility via expansion and listings in new regions. The listings in the US and
Japan in the past month means that Commodity ETCs and ETFs are now available on eight
exchanges and in five currencies. Reaching $13bn in assets with growth of 85% in 2009 is a
testament to the robustness of our products.”
For further information, please contact:
Laura Stevens
Tel: +44 (0) 20 7448 4351
Email: laura.stevens@etfsecurities.com
Notes to Editors:
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 $13.1 billion in
assets as of 25/08/09.
The ETPs 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
This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any
offer to purchase or subscribe for, any securities (together the "Securities")of ETFS Commodity Securities Limited,
ETFS Metal Securities Limited or ETFS Oil Securities Limited or any shares (the "Shares") of ETFS Fund Company
public limited company (the "Fund") or any other shares or securities, nor shall it or any part of it nor the fact of its
distribution form part of or be relied on in connection with any contract or investment decision relating thereto. Any
offer, invitation or solicitation shall be made solely by means of the relevant prospectus (plus any supplements
thereto) in the case of the Securities or the prospectus together with the relevant sub-fund supplement in the case of
the Shares (in each case the "Prospectus") and recipients of this advertisement who are considering a purchase of
Securities or Shares following distribution of the Prospectus are reminded that any such purchase should be made
solely on the basis of the information contained in such Prospectus. This advertisement does not constitute any
recommendation regarding the Securities or the Shares.
The communication of this press release is not being made by, and this press release has not been approved by, an
authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA").
Accordingly this press release is not being distributed to, and must not be passed on to, the general public in the
United Kingdom. The communication of this press release or any other document issued in connection with the offer
and sale of the Shares or Securities is only being made to and directed at those persons in the United Kingdom falling
within the definition of Investment Professionals (as defined in Article 19(5) of the Financial Services and Markets Act
2000 (Financial Promotion) Order 2005 (the "Order"), or high net worth entities, and other persons to whom it may
otherwise lawfully be communicated, falling within Article 49(1) of the Order or any person to whom it may otherwise
lawfully be made (all such persons together being referred to as "relevant persons"). The communication of this press
release (or any other document issued in connection with the offer and sale of the Shares or Securities) must not be
acted upon or relied upon by persons who are not relevant persons. The Fund is a collective investment scheme for
the purposes of the FSMA and is a recognised scheme for the purposes of the FSMA. Persons distributing this press
release must satisfy themselves that it is lawful to do so. All applicable provisions of the FSMA must be complied with
in respect of anything done in relation to the Shares or Securities in, from or otherwise involving the United Kingdom
This is not an offer of securities for sale in the United States. The Shares and Securities have not been and will not be
registered under the US Securities Act or any other applicable law of the United States. The Shares and Securities are
being offered and sold only outside the United States to non-US persons in reliance on the exemption from registration
provided by Regulation S of the US Securities Act. None of ETFS Commodity Securities Limited, ETFS Metal Securities
Limited, ETFS Oil Securities Limited and ETFS Fund Company public limited company (each an "Issuer") has been or
intends to become registered as an investment company under the United States Investment Company Act of 1940
(as amended) (the "Investment Company Act") and related rules. Neither the Shares nor the Securities or any
beneficial interest therein may be reoffered, resold, pledged or otherwise transferred in the United States or to US
persons. If an Issuer determines that any holder of shares is a US Person or any holder of Securities is a Prohibited US
Person (being a US Person who is not a "qualified purchaser" as defined in the Investment Company Act), the Issuer
may redeem the Shares or Securities (as the case may be) held by that Security Holder in accordance with the
provisions described in the Prospectus. Neither the Shares nor the Securities may be purchased with plan assets of
any "employee benefit plan" within the meaning of section 3(3) of the United States Employee Retirement Income
Security Act of 1974, as amended ("ERISA"), any "plan" described in section 4975(e)(1) of the United States Internal
Revenue Code of 1986, as amended (the "Code") or any entity whose underlying assets include "plan assets" of any of
the foregoing by reason of an employee benefit plan's or other plan's investment in such entity, which employee
benefit plan, plan or entity is subject to Title I of ERISA or section 4975 of the Code or any United States Federal,
state, or local law or non-United States law that is substantially similar to the prohibited transaction provisions of
section 406 of ERISA or section 4975 of the Code (any such employee benefit plan, plan or entity, a "Prohibited
Benefit Plan Investor"). If the Issuer determines that any Security Holder is a Prohibited Benefit Plan Investor, the
Issuer may redeem the Securities or Shares held by that person in accordance with the provisions described in the
relevant Prospectus.
“None of the index providers of the relevant ETFs referred to herein nor their licensors make any warranty or
representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at
which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person
for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any
error or significant delay therein.”
“Dow Jones,” “UBS”, DJ-UBSCISM,”, “DJ-UBSCI-F3SM,” and any related Indices or Sub-Indices are service marks of
Dow Jones & Company, Inc. (“Dow Jones”) and UBS AG (“UBS”), as the case may be, and have been licensed for use
by the Issuer. The Securities although based on components of the Dow Jones UBS Commodity Index 3 month
Forward SM (formerly known as the Dow Jones –AIG Commodity Index 3 Month Forwards SM) are not sponsored,
endorsed, sold or promoted by Dow Jones, UBS, or any of their respective subsidiaries or affiliates, and none of Dow
Jones, UBS, or any of their respective subsidiaries or affiliates, makes any representation regarding the advisability of
investing in such product. ETF Securities Limited and each Issuer are regulated by the Jersey Financial Services
Commission.
ETF Securities Limited, ETFS Commodity Securities Limited, ETFS Metal Securities Limited, ETFS Oil Securities Limited,
Gold Bullion Securities Limited and ETFS Fund Company PLC are each regulated by the Jersey Financial Services
Commission.
To obtain a copy of the prospectus please visit the website at www.etfsecurities.com
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