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ETF Securities breaks through $1billion
investment milestone
20/06/07
- Recent growth powered by precious metals trading
- Investment inflows across the ETC range
- Further team expansion
The global pioneer in exchange traded commodities, ETF Securities (ETFS), today announced that their new range of exchange traded commodities (ETCs) have attracted more than $1billion in investment the majority of which has been invested since the start of the year.
ETFS pushed through the $1billion milestone in assets under management following the recent listing of a range of physically-backed precious metal ETCs on five major European exchanges. The listings follow hard on the heels of the launch of 31 ETCS on five major European exchanges (London, Frankfurt, Paris, Amsterdam and most recently Italy) last year.
Since launching the world's first physically-backed precious metal ETCs platform on the London Stock Exchange (LSE) - allowing investors to trade four major precious metals (platinum, palladium, silver, gold) individually or as a basket - ETF Securities has recorded a flood of demand. Subsequent listings in the weeks following the LSE launch, on the Deutsche Börse, Euronext Amsterdam, Euronext Paris, and Borsa Italiana, saw a further swell of demand as investors rushed to get easy access to the range of physically-backed precious metal investments.
Including all 36 ETCs now available to investors, physically-backed precious metal ETCs have accumulated $100 million in new assets over the past two months.
In addition to the physically-backed precious metal ETCs, investors can gain access to all of the key commodity groups through the rest of the group's ETC range; energy, agriculture, livestock, and industrial metals. This can be done without having to engage in the trading or management of future contracts. 29 of the ETCs are simply priced off DJ-AIG Commodity Indices, with the other 2 ETCs (Brent Oil & WTI Oil) priced directly off oil futures.
This strong growth has led ETF Securities to expand its sales team with the recent appointment of William Rhind as Head of UK and Irish Sales and the appointment of Michael Geister who will work alongside Tim Harvey, German securities specialist, with responsibility for the German-speaking market. Taking the pan-European Team to 10 people.
ETCs are relatively new investment tools which enable investors to gain exposure to commodity prices without trading futures or taking physical delivery. The ETCs are designed to offer investors a simple, cost-efficient and secure way to access the commodities market. They provide investors with a return equivalent to movements in their spot price less a small management fee which accrues daily.
Commenting on today's announcement Graham Tuckwell, Chairman ETF Securities, said:
"This is a red letter day for ETF Securities. The passing of the $1 billion underlines our success in bringing a ground-breaking range of commodities to European investors.
"The speed at which our assets under management are growing says a lot about the appetite for commodities. Investors have responded to our products and we will continue to bring innovation to the market place to meet this demand.
"There has been a surge in global demand and this has acted as a catalyst for our expansion in assets under management. The growth in assets confirms each exchange's commitment to ETCs with the launch of dedicated ETC platforms in each country. We now have 36 different ETCs available on 5 of Europe's major exchanges offering a wide range of trading opportunities in the commodities sector for investors."
For further information please contact:
Roman Townsend / John Kelly
Penrose Financial
Tel: +44 (0) 20 7786 4875 / 4821
- Notes to editors -
The management of ETF Securities Limited pioneered the development of
Exchange Traded Commodities (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. Since then, ETF Securities has listed its entire range of ETCs on Europe’s
major exchanges (Frankfurt, Paris, Amsterdam and Italy) with each exchange
creating a separate ETC segment.
To learn more about ETF Securities go to: www.etfsecurities.com
This advertisement 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 transferable securities to be issued by ETFS
Metal Securities Limited or any other 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 prospectus and
recipients of this advertisement who are considering a purchase of securities following distribution of
the prospectus in connection therewith are reminded that any such purchase should be made solely
on the basis of the information contained in such prospectus and any supplementary prospectus(es).
This advertisement does not constitute any recommendation regarding the securities of ETFS Metal
Securities Limited.
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 ETCs 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 ETCs) must not be acted upon or relied upon by persons who
are not relevant persons. 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 ETCs in, from or otherwise involving the United Kingdom.
This is not an offer of securities for sale in the United States. Metal Securities have not been and will
not be registered under the US Securities Act or any other applicable law of the United States. Metal
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 or in transactions
exempt from the registration requirements of the Securities Act. The Issuer has not been and does
not intend to become registered as an investment company under the Investment Company Act and
related rules. If the Issuer determines that any Security Holder 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 Metal Securities held by that Security Holder in accordance with the provisions described
in the Prospectus. Metal Securities may not 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 Metal Securities held by that Security Holder in accordance with the provisions
described in the Prospectus."
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