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The ETFS Asian Gold Trust, ETFS White Metals Basket Trust, ETFS Precious Metals Basket Trust, ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust and ETFS Platinum Trust are not investment companies registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Please read the prospectus carefully before investing.
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ETFS Silver Trust (SIVR) breaks $100m assets under management in first month
of trading on NYSE ARCA
08/24/09
- ETFS Silver Trust (SIVR) trading volumes continue to exceed management
expectations
- Inflows seem to indicate positive investor reaction to the expense ratio and
physically backed structure.
New York, August 24, 2009 - ETF Securities USA LLC (ETFS) announced today that the
assets under management of the ETFS Silver Trust (SIVR) now exceeds $100m as of August
20, 2009 after experiencing high trading volumes since launch.
ETFS Silver Trust (SIVR) began trading on the NYSE ARCA on July 24, 2009 and we believe
the inflows seen since inception indicate that investors are becoming increasingly bullish
towards silver.
The objective of the newly listed shares is to reflect the performance of the price of silver
bullion, less the Trust’s operating expenses. The Trust is open ended and is designed for
investors who want a cost-effective(1) and convenient(2) way to invest in silver as well as
diversify their silver holdings.
The highlights of the new offering are:
Physically-backed: ETFS Silver Trust’s shares represent interest in physical silver
bullion held in a London Bullion Market Association (LBMA) approved secured vault
Expense Ratio: ETFS Silver Trust introduced with an expense ratio of 0.30% p.a.
until July 24, 2010, capped at maximum of 0.45% thereafter (3)
Competitively Priced: ETFS Silver Trust expense ratio is one of the lowest priced physically-backed silver product in the US exchange traded product market
Records: All silver bar numbers published daily to: www.etfsecurities.com
Commenting on the launch and flows, William Rhind, Head of Sales & Marketing
for ETFS Marketing LLC, commented:
“The ETFS Silver Trust is still within its first month of trading and we continue to be
impressed by the flows we have seen. Initial inflows indicate to management that SIVR has
captured the mood of American investors who are looking to gain exposure to Silver
through a cost effective, transparent, physically backed product”
For more information on the new issue or ETF Securities please contact the US marketing
agent, ETFS Marketing on 212-918-4954 or visit our website: www.etfsecurities.com
The ETFS Silver Trust is not an investment company registered under the
Investment Company Act of 1940 or a commodity pool for purposes of the
Commodity Exchange Act. Shares of the Trust are not subject to the same
regulatory requirements as mutual funds. These investments are not suitable for
all investors. Please read the prospectus carefully before investing.
(1) The Sponsor expects that, for many investors, costs associated with buying and selling the Shares in
the secondary market and the payment of the Trusts ongoing expenses will be lower than the costs
associated with buying, selling ,storing and insuring silver bullion in a traditional allocated silver
bullion account.
(2) The Shares will trade on the NYSE Arca and will provide institutional and retail investors with
indirect access to the silver bullion market.
(3) With its first US product, ETF Securities USA LLC is pleased to waive a portion of its sponsor fee,
reducing the expense ratio of SIVR to 0.30% per annum until July 24, 2010, capped at maximum of 0.45%
thereafter. Ordinary brokerage fees do apply.
William Rhind is a registered representative of ALPS Distributors Inc.
Risks and Important Considerations
The value of the Shares relates directly to the value of the silver held by the Trust and
fluctuations in the price of silver could materially adversely affect an investment in the
Shares. Several factors may affect the price of silver, including: A change in economic
conditions, such as a recession, can adversely affect the price of silver. Silver is used in a
wide range of industrial applications, and an economic downturn could have a negative
impact on its demand and, consequently, its price and the price of the Shares; Investors'
expectations with respect to the rate of inflation; Currency exchange rates; Interest rates;
Investment and trading activities of hedge funds and commodity funds; and global or
regional political, economic or financial events and situations. Should there be an increase in
the level of hedge activity of silver producing companies, it could cause a decline in world
prices, adversely affecting the price of the Shares. Also, should the speculative community
take a negative view towards silver, it could cause a decline in world silver prices,
negatively impacting the price of the Shares. There is a risk that part or all of the Trust's
silver could be lost, damaged or stolen.
The Trust is new and has limited operating history. Commodities and futures generally
are volatile and are not be suitable for all investors. Trusts focusing on a single
commodity generally experience greater volatility. Please refer to the prospectus for
complete information regarding all risks associated with the Trust.
Shares in the Trust are not FDIC insured, may lose value and have no bank guarantee.
Please read the prospectus carefully before investing. Click here to review the prospectus
ALPS Distributors, Inc. is the marketing agent for ETFS Silver Trust. ETF Securities Ltd. or
its affiliates is not affiliated with ALPS Distributors, Inc. Certain marketing services may be
provided for ETFS Silver Trust by ETFS Marketing LLC.
Although Shares of the Trust may be bought and sold on the exchange through any
brokerage account, they are not individually redeemable directly from the Trust. Investors
may acquire Shares and tender them for redemption through the Trust in Basket
aggregation only. Please see the prospectus for more details.
This press release contains “forward-looking statements” with respect to results of
operations, plans, objectives, future performance and business. Statements preceded by,
followed by or that include words such as “may”, “will”, “should”, “expect”, “plan”,
“anticipate”, “believe”, “estimate”, “predict”, “potential”, or similar expressions are intended
to identify some of the forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and are included, along with the statement, for
purposes of complying with the safe harbor provisions of that Act. All statements (other
than statements of historical fact) included in this press release that address activities,
events or developments that will or may occurring the future, including such matters as
changes in commodity prices and market conditions (for silver and the Shares), the Trusts
operations, the Sponsors plans and references to the Trusts future success and other similar
matters are forward looking statements. These statements are only predictions. Actual
events or results may differ materially.
The ETFS Silver Trust (Registration No. 333-156307) has filed a registration statement
(including a prospectus) with the U.S. Securities and Exchange Commission (SEC) for the
offering to which this communication relates. Before you invest, you should read the
prospectus in that registration statement and other documents the Trust has filed with the
SEC for more complete information about the Trust and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively,
the Trust will arrange to send you the prospectus if you request it by calling collect 1-212-
918-4954. The Trust’s prospectus is also available, free of charge, at the website of ETF
Securities USA LLC here.
Contacts for Press:
William C. Ferri
Intermarket Communications
(212) 754-5428
bferri@intermarket.com
Laura Stevens
ETF Securities
+44 20 7448 4351
laura.stevens@etfsecurities.com
All Other US Inquiries:
(212) 918-4954
info@etfsecurities.com
ETFS Marketing LLC
48 Wall Street, 11th Floor
New York City
NY10005
New York City
NY10005
ETF000129 08/31/09
ETFS Physical Asian Gold Shares are issued by the ETFS Asian Gold Trust. ETFS Physical White Metals Basket Shares are issued by ETFS White Metals Basket Trust. ETFS Physical Precious Metals Basket Shares are issued by the ETFS Precious Metals Basket Trust. ETFS Physical Silver Shares are issued by the ETFS Silver Trust. ETFS Physical Swiss Gold Shares are issued by the ETFS Gold Trust. ETFS Physical Platinum Shares are issued by the ETFS Platinum Trust. ETFS Physical Palladium Shares are issued by the ETFS Palladium Trust.
ETPs = Exchange Traded Products
Important Risks
The value of the Shares relates directly to the value of the precious metal held by the Trusts and fluctuations in the price could materially adversely affect an investment in the Shares. Several factors may affect the price of precious metals, including:
A change in economic conditions, such as a recession, can adversely affect the price of the precious metal held by the Trusts. Some metals are used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares;
Investors' expectations with respect to the rate of inflation;
Currency exchange rates;
Interest rates;
Investment and trading activities of hedge funds and commodity funds; and
Global or regional political, economic or financial events and situations. Should there be an increase in the level of hedge activity of the precious metal held by the Trusts or producing companies, it could cause a decline in world precious metal prices, adversely affecting the price of the Shares.
Also, should the speculative community take a negative view towards the precious metal held by the Trusts, it could cause a decline in prices, negatively impacting the price of the Shares.
There is a risk that part or all of the Trusts' physical precious metal could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metal held by the Trusts could result in a loss to the Trusts. Since there is no limit on the amount of platinum and palladium that the Trust may acquire, the Trust, as it grows, may have an impact on the supply and demand of platinum and palladium.
The Trusts have limited operating history.
Commodities generally are volatile and are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility.
This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing. Click here to review the prospectus.
Shares in the Trusts are not FDIC insured and may lose value and have no bank guarantee.
Investors buy and sell shares on a secondary market (i.e., not directly from Trusts). Only market makers or "authorized participants" may trade directly with the Trusts, typically in blocks of 50k to 100k shares.
Carefully consider each Trusts' investment objectives, risk factors, and fees and expenses before investing.
An investment in the trust does not constitute a direct investment in the underlying metal.
ALPS Distributors, Inc. is separate and unaffiliated to Dorsey Wright and Associates. ALPS Distributors, Inc. is the marketing agent for ETFS Silver Trust, ETFS Gold Trust, ETFS Platinum Trust, ETFS Palladium Trust, ETFS Precious Metals Basket Trust, ETFS White Metals Basket Trust and ETFS Asian Gold Trust.
For further discussion of the risks associated with an investment in the Trusts please read the prospectus.
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(09/14/11)
ETF Securities USA LLC (ETFS) today announced that the
total assets under management (AUM) of its U.S.-listed products is now $4.7 billion, which
represents 15% of the firm's new total of roughly $31 billion in AUM worldwide as at the end of
August 2011.
(08/11/11)
ETF Securities USA LLC (ETFS) announced today that on July 29, 2011, its physically-backed platinum ETP (PPLT) was the world's largest in terms of AUM, which stood at $802m. This represented roughly 450k ounces of platinum stored in secure vaults located in London, U.K. and Zurich, Switzerland.
(07/21/11)
ETF Securities has offered U.S. physically-backed precious metal exchange traded products (ETPs) since July 2009. In two years, the firm has grown its U.S. assets under management (AUM) to $4.2 billion as of July 19, 2011.
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