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ETF Securities continues success with ‘Product of the Year’
at Global Investor 2007 awards
11/07/07
- Award follows breaking $1 billion AUM
- Fourth industry award for innovation
The global pioneer in exchange traded commodities, ETF Securities (ETFS), has
won the ‘Product of the Year’ award at the 2007 Global Investor award ceremony.
ETF Securities recently pushed through $1billion of assets under management,
less than one year after their initial listings of 31 ETCs on the London Stock
Exchange and on five major European exchanges (London, Frankfurt, Paris,
Amsterdam and most recently Italy). More recently, they listed a range of five
physically-backed precious metal ETCs on the same five exchanges in April and
May.
This is the fourth award that ETF Securities has won for innovation – including
‘Most Innovative Product 2005 OILB’ as voted by the readers of
www.exchangetradedfunds.com . ‘Most Innovative Product 2006’ from Investors
Chronicle last year, and Awarded ‘Most Innovative ETF Hybrid Product award for
Europe 2006’ as voted by readers of www.exchangetradedfunds.com. This is a
clear industry recognition of their status as leaders in the market.
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.
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 winning the Global Investor ‘Product of the Year’ award
Graham Tuckwell, Chairman ETF Securities, said:
“Our recently passing through $1 billion of assets under management was a
reflection of the popularity of our ETCs with investors, but we are honoured to
receive the ‘Product of the Year’ award and feel it is an industry recognition for
our revolutionising the way people invest in commodities – opening the market
up to millions of new investors in a way that was previously inconceivable.
“We currently have 36 different ETCs available on 5 of Europe’s major exchanges,
but with the expanding team, strong growth of assets under management, and
huge investor appetite, we are hoping announce further products shortly."
For further information, please contact:
Roman Townsend / John Kelly
Penrose Financial
Tel: +44 (0) 20 7786 4875 / 4821
Email : info@etfsecurities.com
Claire Burston/Ben Larter
Penrose Financial
Tel: +44 (0) 20 7786 4886/4876
Notes to editors:
To learn more about Global Investor please go www.globalinvestormagazine.com
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 (the “Securities”) to
be issued by subsidiaries of ETF 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 relevant prospectus and recipients of this advertisement who are considering a purchase of
Securities following distribution of the relevant 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.
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. The Securities have not been and will
not be registered under the US Securities Act or any other applicable law of the United States. The
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 Issuers have not been and do
not intend to become registered as an investment company under the Investment Company Act and
related rules. If the Issuers determine 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 Issuers
may redeem the Securities held by that Security Holder in accordance with the provisions described in
the relevant Prospectus. The 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 Issuers determine that any Security Holder is a Prohibited Benefit Plan Investor, the
Issuers may redeem the Securities held by that Security Holder in accordance with the provisions
described in the relevant Prospectus."
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