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ETF Securities passes USD4.5bn in US AUM and USD30bn worldwide


The total assets under management (AUM) of its ETF Securities’ US-listed products is now USD4.7 billion, which represents 15% of the firm’s new total of roughly USD31 billion in AUM worldwide as at the end of August 2011.

“ETF Securities entered the US market in July 2009 and we have exceeded USD4.5 billion in AUM in just over two years,” says William Rhind, Managing Director at ETF Securities (US) LLC based in New York, NY. “We are delighted with the progress we are making in the United States and hope to expand our presence here with a new range of exchange-traded products.”

The company has also announced that its Physical Platinum Shares (PPLT) is now the world’s largest physically-backed Platinum ETP in terms of AUM, which stood at USD886 million on 31 August, 2011. This figure represents roughly 480,000 ounces of platinum stored in secure vaults located in London, UK and Zurich, Switzerland.

“ETF Securities has the two largest physically-backed Platinum ETPs in the world, which represent almost 60% of AUM in all physically-backed Platinum ETPs globally,” says Rhind. “Our PPLT in the U.S. is now larger than its ETFS counterpart in Europe, which may reflect growing demand from US investors for platinum funds — and precious metals funds generally — during uncertain economic times.”

PPLT began trading on the NYSE ARCA on 8 January, 2010 and has since firmly established itself in the physically-backed product landscape. PPLT offers exposure to platinum at the lowest management fees of any platinum ETP in the US market at 60 basis points (bps).

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