ETF Securities' Assets Under Management Reaches Record US$20 billion, with its Gold Exchange Traded Products the largest in Europe
ETF Securities' (ETFS) assets under management (AuM) reached a record US$20 billion as of 17th June 2010 - this is up 70% since July 2009 when its AuM stood at US$12 billion
1. ETFS' holdings in Europe for its gold Exchange Traded Products ("ETPs") have now surpassed a record US$10bn
2. This dwarfs the largest equity and fixed ETPs in Europe.
Over the past 12 months, ETFS has expanded its product offering: it now offers Currency ETCs and a multi-bank, 3rd generation ETF platform, in addition to its 150+ Commodity ETCs. In the past 12 months, ETFS has also listed products on both the New York Stock Exchange and the Tokyo Stock Exchange.
Commenting, Hector McNeil, Managing Partner at ETF Securities Marketing LLP, said:
Today ETF Securities has total holdings of US$20 billion, compared to US$6 billion at the end of 2008 and US$12 billion 12 months ago. This growth is phenomenal given this has been an incredibly testing and volatile time for the financial industry. In the wake of the credit crisis, we've noted that investors are realising the value of ETPs, in terms of cost efficiency and transparency.
European investors' demand for 'hard assets', particularly precious metals, continues to grow as they look to reduce their exposure to counterparty and currency depreciation risks. Demand for ETFS Physical Gold (PHAU) has been particularly strong since the Euro crisis began.
As the leading independent issuer of ETPs globally, ETF Securities is proud to currently have the largest ETP of any asset class in Europe. Most ETP issuers are owned by single banks; ETF Securities' unique independence and the transparency of its products have resonated well with investors since the financial crisis of September 2008."
The management of ETF Securities created the world's first commodity ETP in 2003 - Gold Bullion Securities in Australia and then in London soon after. Globally, ETF Securities' gold holdings now stand at US$10bn; this is more than the Bank of England's gold holdings. Only 17 of the world's central banks hold more gold than ETF Securities
3.
1 ETF Securities' AuM reached US$12 billion on 23rd July 2009
2 ETFS Physical Gold (PHAU) has US$5.2bn AUM and ETFS Gold Bullion Securities (GBS) has US$4.8bn AUM as at 11th June 2010, making them the top two Gold ETPs in Europe, and second and third globally
3 Data from World Gold Council, as of 3rd quarter 2009.
Notes to Editors:
- ETF Securities' use of the term exchange traded products (ETPs) incorporates all types of exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange traded notes (ETNs).
- ETF Securities has three exchange-traded platforms: Commodity ETCs, Currency ETCs and Equity ETFs:
- ETF Securities‘ physically backed gold products meet the "Gold Standard" set out by The London Bullion Market Association (LBMA) . For more information and a guide to the Gold ETF and ETC markets, please click here
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. ETFS Fund Company plc (the "Company") 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.
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