Products April 6, 2011

ETF Securities Cross-Lists ETPs in Mexico

April 6, 2011 (PLANSPONSOR.com) – ETF Securities (ETFS) has cross-listed four of its physically-backed precious metal products on the Mexican Stock Exchange, the Bolsa Mexicana de Valores (BMV).
Reported by

ETFS says this Mexico cross-listing initiative is on the heels of significant demand heard from local Mexican institutional clients requesting more choice in physically-backed exchange-traded product (ETP) solutions.   

The cross-listed products include: 

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  • ETFS Physical Platinum Shares (Ticker:  PPLT), 
  • ETFS Physical Palladium Shares (Ticker: PALL), 
  • ETFS Physical Precious Metal Basket Shares (Ticker: GLTR), and 
  • ETFS Physical White Metal Basket Shares (Ticker: WITE). 

 

According to a press release, the precious metal ETPs have the following key features:  

  • Track spot price of underlying metal less associated management fees, 
  • Physically-backed by underlying bullion – minimal counterparty risk, 
  • Bullion holdings audited by specialist audit firm biannually – audit reports published on the Web site http://www.etfsecurities.com.  

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