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ETF Securities expands research and sales team with key
hires as AUM soars over US$ 5billion
19/03/08
- ETFS appoints Head of Research and Investment Strategy
- Two new sales people added as assets soar above US$5 billion
and investor base expands
ETF Securities, the global pioneer of exchange traded commodities (ETCs), has
added to its research capability with the key new hire of Nicholas Brooks as Head
of Research and Investment Strategy. Nicholas joins ETF Securities from
Henderson Global Investors where he was Senior Economist.
Nicholas’ appointment is a reflection of the rapid growth of ETF Securities’
business (US$1 billion to over $5 billion in assets under management over the
past nine months) and the growing demand for high quality, objective research
from its investor base. Demand for ETCs, and innovative ETFs more generally,
has soared as investors look to diversify their portfolios away from the extreme
stress being experienced in equity and fixed income markets and the higher costs
associated with traditional investment funds.
Nicholas brings with him a wealth of buy and sell side investment experience,
covering a wide range of asset classes, regions and investment areas. He has had
extensive experience working with asset allocators, fund managers and traders
on macroeconomic and financial issues relevant to both strategic and tactical
investments. Prior to joining ETF Securities, Nicholas was senior economist and
market strategist on Henderson Global Investors global economics, strategy and
asset allocation team based in London. Before that he worked at Deutsche Bank
where he was senior economist on the bank's top ranked Global Markets team
based in Hong Kong. He has also held senior research roles at HSBC (Hong Kong)
and Peregrine Securities (Hong Kong and Singapore). He started his career at
Citibank in New York.
Nicholas has a B.A. from Brown University, M.A. from Columbia University and an
MSc in Economics (with Distinction) from the University of London, where he has
also done work towards a PhD focusing on financial fragility and dynamics of
financial crisis.
ETF Securities is continuing to expand its research and sales teams to meet the
growing demand generated from its listings of ETCs across Europe. Last week,
ETF Securities also added 40 years of sales and broking experience with the key
appointments of Emil Petersen as Head of Nordic Sales and Neil Jaimeson as
Senior Sales representative for the UK & Ireland.
Weekly ETC trading volumes have exploded to over $800m with assets increasing
by over 100% this year close to $5 billion. 80% of total assets are now shared
between precious metal ETCs whose demand is being driven by current macro
economic factors and financial stress and agriculture ETCs which are being
affected by record low inventories, unfavorable weather and surging demand. Of
this demand, ETFS Agriculture has gathered assets of $1bn with other popular
agriculture ETCs being ETFS Softs $170m, ETFS Grains $160m and ETFS Cotton
$130m. ETFS Physical Gold has gathered assets of $900m, with other popular
precious metal ETCs being ETFS Physical Platinum $680m, ETFS Physical Silver
$170m and ETFS Physical Palladium $130m. New developments also show
Livestock and Industrial Metal assets increasing by 400% this year.
Commenting on the continued growth Nik Bienkowski, Partner at ETF
Securities said:
“We are extremely pleased to have someone of Nicholas’ calibre to lead our
research effort. His extensive experience working with fund managers, traders
and asset allocators covering a wide range of markets and asset classes will
substantially boost our ability to provide quality research to our rapidly growing
client base and aid us in the development of innovative new investment
products.”
The depth and breadth of Nicholas’s experience will help our clients navigate the
current volatile environment and aid in the construction optimal portfolios to
ensure robust asset allocation and preservation of wealth. Investors are now
realizing the benefit of holdings commodities in a portfolio due to their low to
negative correlation with equities and bonds.”
For further information, please contact:
Roman Townsend
Penrose Financial
Tel: +44 (0) 20 7786 4875
ETF Securities continues its series of conference calls for finance
professionals:
Investment Case for Platinum and Palladium
20 March 2008, 11:00am or 15:00pm London Time
For more information
www.etfsecurities.com/en/events/etfs_events_calls.asp
Notes to editors:
The management of ETF Securities Limited pioneered the development of
Exchange Traded Commodities (ETCs), in 2003. Building on its success ETF
Securities created 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 ETCs on Europe’s major exchanges (Frankfurt, Paris, Amsterdam and Italy)
with each exchange creating a separate ETC segment. With Classic, Forward,
Short and Leveraged ETCs available, investors can execute most trading and
investment strategies previously not possible.
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 transferable securities to be issued by ETFS
Commodity 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
Commodity 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. Securities issued by Commodity
Securities Limited (“ Securities”) have not been and will not be registered under the US Securities Act
or any other applicable law of the United States. These 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. The Issuer has not been and does not intend to become
registered as an investment company under the Investment Company Act and related rules. These
Securities and any beneficial interest therein may not be reoffered, resold, pledged or otherwise
transferred in the United States or to US persons. 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 Securities held by that Security Holder in
accordance with the provisions described in the 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 Issuer determines that any Security Holder is a
Prohibited Benefit Plan Investor, the Issuer may redeem the Securities held by that Security Holder in
accordance with the provisions described in the Prospectus relating to those Securities."
“Dow Jones,” “AIG®” “Dow Jones-AIG Commodity IndexSM,” “DJ-AIGCISM”, “Dow Jones-AIG
Commodity 3-Month Forward Index” are service marks of Dow Jones & Company, Inc. and American
International Group, Inc. (“American International Group”), as the case may be, and will be licensed
for use for certain purposes by ETF Securities Ltd. ETCs based on the DJ-AIGCISM or related subindices
(including single commodity sub-indices) or 3-Month Forward Indexes are not sponsored,
endorsed, sold or promoted by Dow Jones, AIG Financial Products Corp. (“AIG-FP”), American
International Group, or any of their respective subsidiaries or affiliates, and none of Dow Jones, AIGFP,
American International Group, or any of their respective subsidiaries or affiliates, makes any
representation regarding the advisability of investing in such product(s).
To obtain a copy of the prospectus please visit the website at
www.etfsecurities.com
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