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ETF Securities reaches USD1bn investment milestone

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ETF Securities, which has just launched its precious metals investment platform in Italy, has announced that its range of exchange-traded commodities has attracted more than USD1bn in inve

ETF Securities, which has just launched its precious metals investment platform in Italy, has announced that its range of exchange-traded commodities has attracted more than USD1bn in investment, most of it since the beginning of this year.

The range of physically-backed precious metal ETCs has now been launched on five European exchanges, following the listing of 31 ETCs in London, Frankfurt, Paris, Amsterdam and Milan last year. The precious metal ETCs allows investors to trade platinum, palladium, silver and gold individually or as a basket.

Physically-backed precious metal ETCs have accumulated USD100m in new assets over the past two months. Investors can also gain access to key commodity groups through the rest of the group’s ETC range, covering energy, agriculture, livestock, and industrial metals. Twenty-nine of the ETCs are simply priced off DJ-AIG Commodity Indices, while the other two (Brent Oil & WTI Oil) are priced directly off oil futures.

In recent weeks ETF Securities has expanded its pan-European sales team to 10 with the appointments of William Rhind as head of UK and Irish sales and of Michael Geister, who will take responsibility for the German-speaking market alongside German securities specialist Tim Harvey.

‘This is a red letter day for ETF Securities,’ says chairman Graham Tuckwell. ‘The passing of the USD1bn underlines our success in bringing a ground-breaking range of commodities to European investors. The speed at which our assets under management are growing says a lot about the appetite for commodities. Investors have responded to our products and we will continue to bring innovation to the marketplace to meet this demand.

‘A surge in global demand has acted as a catalyst for our expansion. The growth in assets confirms each exchange’s commitment to ETCs with the launch of dedicated platforms in each country. We now have 36 different ETCs available on five of Europe’s major exchanges, offering investors a wide range of trading opportunities in the commodities sector.’

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