Source has launched three new physically-backed precious metals exchange traded products (ETPs): Source Physical Silver P-ETC, Source Physical Platinum P-ETC and Source Physical Palladium P-ETC. These will complement Source’s existing Physical Gold P-ETC, which has raised over USS1 billion and set new standards in security and cost effectiveness.
As demand for precious metals has soared, investors have been quick to adopt physically-secured ETPs as their vehicle of choice.
Source CEO Ted Hood (pictured) says: “Investors look to precious metals as both an investment opportunity and a safe haven. The concept of a physical holding – and the ability to access it in times of crisis – is part of their appeal. It is important that the investment vehicle doesn’t compromise this.”
Source precious metals P-ETCs combine the convenience and liquidity of an exchange traded product with the reassurance of physical investment. Each P-ETC is secured by physical metal held in JPMorgan’s London vaults. Source’s P-ETC platform also has the advantage that it can provide for physical delivery of metal. “The success of our Physical Gold P-ETC shows that investors like this approach,” added Hood.
The new P-ETCs have a 0.39% annual fixed fee and are listed on the London Stock Exchange.