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ETFS Securities passes USD500m in assets under management

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ETF Securities USA says the total assets under management of its two products, the ETFS Physical Swiss Gold Shares and the ETFS Physical Silver Shares, now exceed USD500m.

Assets in both funds have steadily increased with investment demand and interest for gold and silver.

Investors have responded to the low fee structures of the funds, the Swiss storage of the gold bullion and the bullion vault auditing process that sends an independent metal assaying firm into the vaults to conduct a biannual audit of the gold and silver held.

Rising gold and silver prices are largely in response to the continuing weakening of the US dollar, low interest rates and aggressive government fiscal stimulus programmes.

There is also positive market sentiment towards gold and silver as investors seek to diversify and protect portfolio performance while generating positive investment returns.

William Rhind, head of sales and marketing for ETFS Marketing, says: “We are delighted by the response we have had so far from investors to SGOL and SIVR. These products have really added value to the ETF market and clearly differentiate themselves in a competitive marketplace. The rigid auditing of the bullion vaults undertaken for SGOL and SIVR has won us a lot of praise from investors who welcome the increase in transparency we have brought to the market. The uniqueness of the Swiss gold custody has also resonated well with investors nervous about the current environment.”

ETFS Physical Swiss Gold Shares began trading on the NYSE Arca on 9 September 2009. The objective is to reflect the performance of the price of gold bullion, less the trust’s operating expenses. The trust is open ended and is designed for investors who want a cost-effective and convenient way to invest in gold as well as diversify their gold holdings.

ETFS Physical Silver Shares began trading on the NYSE Arca on 24 July 2009. The objective of the newly listed shares is to reflect the performance of the price of silver bullion, less the trust’s operating expenses.

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