|
QUICK LINKS
We will come to your offices and give group presentations and teach-ins to your Team.
Simply contact us or give us a call on: +44(0) 207 448 4330
|
 |
Gold, Gold Miners and Currencies Top Performers in 1H 2010
ETF Securities (ETFS) today publishes its performance statistics for 1H 2010, which looks at its three exchange-traded platforms (commodities, currencies and equity ETFs). The main findings for the six months ending June 30th are:
- ETFS Physical Gold rallied 14% in USD, 34% in Euro and 23% in GBP in 1H 2010, making gold one of ETF Securities’ best performing asset classes in 1H 2010, as investors search for safe havens from rising sovereign and banking risks in Europe. This compares to a 14% decline in the FTSE 100 Index and a 20% decline in the EuroStoxx 50 index in USD over the same period.
- Assets under management in ETFS’ physical gold ETCs surged $2.6bn to $11.4bn, up 30% over end-December levels and their largest 6 month increase on record. ETF Securities physical gold ETCs held 9.3 million of ounces of gold at the end of June 2010 the largest ETP holdings in Europe and second largest in the world1.
- Gold miners benefited from the gold price rally, with the equity ETF, ETFX DAXglobal Gold Mining Fund up 12% in USD, 28% in Euro and 19% in GBP in 1H 2010, as global gold miners benefited from the rising gold price and improving margins. After a particularly strong 1Q performance, weak global stock markets in 2Q eroded some of the gains.
- Currency ETCs also benefited from the risk aversion move, with ETFS Long JPY Short EUR up 23% in the first half of 2010 as investors’ scrambled to liquidate risky trades financed in Japanese Yen. Another major beneficiary of the rise in risk aversion has been ETFS Long USD Short EUR, up 17% in 1H, as investors’ moved out of Euro and into US dollars as Greece’s debt crisis sparked region-wide sovereign risk concerns.
- ETFS Physical Palladium followed closely behind gold, rising 11% in USD in 1H 2010 as continued robust demand for automobiles in China, tight supplies and growing consensus that Russian state stockpiles of palladium might be lower than previously assumed supported the price. ETF Securities physical palladium ETCs saw $361mn of inflows in 1H 2010, their largest ever half yearly inflows, driven by extremely strong demand in the US as ETF Securities listed the US’s first physically-backed platinum and palladium products in early January.
- ETFS Physical Silver was also a strong performer in 1H 2010, rising 10%, benefiting from its status as a store of value and safe haven asset similar to gold. The strong performance of gold, silver and palladium meant that ETFS Physical PM Basket (which includes gold, silver, platinum and palladium) rounded out the precious metals performance with a strong 10.4% rise.
Commenting, Nicholas Brooks, Head of Research and Investment Strategy at ETF Securities, said:
"After a strong start to the year, cyclical and risk assets came under pressure in the second quarter as Greece’s debt crisis sparked contagion concerns and investors fled for safe havens. Gold was a major beneficiary, rallying 14% in US dollars, 34% in Euro and 23% in Sterling. ETF Securities saw $2.6bn flow into its gold ETCs, the largest 6 month increase on record – larger even than during the worst of the financial panic late 2008.
Gold miners have also been strong performers, up 12% in US dollar terms even as most major equity benchmarks fell into the red. Short ETCs, particularly industrial metals and softs, also saw strong gains, with ETFS Short Copper seeing record new inflows.
Among the currency ETCs, ETFS Long JPY Short Euro was the best performer, rallying 23% as investors cut their Euro positions and covered risk trades financed in Japanese Yen. As we enter the second half of 2010, positioning in currency ETCs indicates continued concerns about the potential for growth and risk disappointments, and this is confirmed by continued strong inflows into gold ETCs and defensive equity ETFs."
Notes to Editor:
ETF Securities - Top Ten Performance Tables
| Commodities - Top 10 ETC (Base currency) |
| ETFS Short Sugar |
48.7% |
USD |
| ETFS Short Zinc |
33.0% |
USD |
| ETFS Leveraged Coffee |
32.7% |
USD |
| ETFS Short Tin |
27.2% |
USD |
| ETFS Leveraged Gold |
25.0% |
USD |
| ETFS Leveraged Precious Metals |
23.5% |
USD |
| ETFS Short Corn |
18.7% |
USD |
| ETFS Short Wheat |
17.8% |
USD |
| ETFS Coffee |
17.1% |
USD |
| ETFS Short Natural Gas |
17.0% |
USD |
Source: ETF Securities. From 1 January 2010 to 30 June 2010. Based on price returns unless otherwise noted
| Equity ETFs - Top 10 ETF (Base Currency) |
| ETFX DAXglobal Gold Mining Fund |
11.8% |
USD |
| ETFX Dow Jones EURO STOXX 50 Double Short (2x) Fund |
8.7% |
EUR |
| ETFX CAC 40 2x Short Fund |
8.3% |
EUR |
| ETFX FTSE® 100 Super Short Strategy (2x) Fund |
8.0% |
GBP |
| ETFX DAXglobal Shipping Fund |
2.4% |
USD |
| ETFX Russell 2000 US Small Cap Fund |
-3.4% |
USD |
| ETFX DAX® 2x Long Fund |
-3.7% |
EUR |
| ETFX Dow Jones STOXX 600 Basic Resources Fund |
-6.6% |
EUR |
| ETFX Russell 1000 US Large Cap Fund |
-7.8% |
USD |
Source: ETF Securities. From 1 January 2010 to 30 June 2010. Based on price returns unless otherwise noted.
| Currencies - Top 10 FXL (Base currency) |
| ETFS Long JPY Short EUR* |
23.1% |
EUR |
| ETFS Long USD Short EUR* |
17.2% |
EUR |
| ETFS Long CAD Short EUR* |
15.6% |
EUR |
| ETFS Long JPY Short GBP* |
13.3% |
GBP |
| ETFS Long CHF Short EUR* |
12.1% |
EUR |
| ETFS Long AUD Short EUR* |
12.1% |
EUR |
| ETFS Long NZD Short EUR* |
12.0% |
EUR |
| ETFS Short NOK Long USD |
10.1% |
USD |
| ETFS Long GBP Short EUR* |
8.6% |
EUR |
Source: ETF Securities. From 1 January 2010 to 30 June 2010. Based on price returns unless otherwise noted.
Those with * based on underlying index performance as security not listed over whole period.
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.
The Exchange Traded Products (ETPs) above 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 and now Emerging Market and G10 Currencies.
ETPs are simple to access as they are traded in five currencies (EUR, USD, GBP, AUD and JPY) and listed across eight major exchanges globally including the London Stock Exchange Group (London Stock Exchange and Borsa Italiana), the New York Stock Exchange, the Tokyo Stock Exchange, NYSE-Euronext Paris, NYSE-Euronext Amsterdam, Deutsche Börse, and the Australian Securities Exchange.
For further information, please contact: ETF Securities’ press office on:
Tel: +44 (0) 20 7448 4330
Email: press@etfsecurities.com
To learn more about ETF Securities go to: www.etfsecurities.com
This press release was issued by ETF Securities Marketing LLP ("ETFSM") for journalists in UK, Germany, Italy, France and The Netherlands. The products discussed in this document are issued by ETFS Metal Securities Limited ("MSL"), Gold Bullion Securities Limited ("GBS"), ETFS Commodity Securities Limited ("CSL"), ETFS Foreign Exchange Limited ("FXL") and ETFS Oil Securities Limited ("OSL") (together, the "Issuers") and each are regulated by the Jersey Financial Services Commission. Certain products discussed are issued by ETFS Fund Company plc (the "Company"), which is an open-ended investment management company with variable capital having segregated liability between its funds and is regulated but the Financial regulator in Ireland. The United Kingdom Listing Authority is the ‘home regulator' to MSL, GBS, CSL, OSL and FXL for purposes of passporting their prospectuses under the Prospectus Directive. 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.
This document includes independent market commentary prepared by ETFSM based on publicly available information. It does not constitute financial product advice nor should be construed as an offer for sale or utilised as the basis for any investment decision. Although ETFSM endeavours to ensure the accuracy of the content in this communication, ETFSM does not warrant or guarantee its accuracy or correctness. Where ETFSM has expressed its own opinions related to product or market activity, these views may change. The third party data providers used to source the information in this communication make no warranties or representation of any kind relating to the accuracy, completeness, or timeliness of the data provided nor shall they have liability for any damages or any kind relating to such data.
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. Important information is contained in the relevant company's prospectus and other documents, copies of which can be obtained by calling +44 (0)20 7448 4330 or by e-mail at info@etfsecurities.com.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO THE GENERAL PUBLIC IN THE UNITED KINGDOM OR JERSEY. THIS PRESS RELEASE IS NOT A PROSPECTUS BUT AN ADVERTISEMENT AND INVESTORS SHOULD NOT SUBSCRIBE FOR ANY TRANSFERABLE SECURITIES REFERRED TO IN THIS PRESS RELEASE EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS.
1 Based on company reports and Bloomberg.
|
|
|
