Market Overview

ETF Securities Plans Combination Metal ETF


ETF Securities, the U.K.-based issuer of several precious metals-based ETFs, has plans to launch an ETF for U.S. investors that is backed by physical gold, palladium, platinum and silver.

ETF Securities introduced the ETFS Physical Silver Shares ETF (NYSE: SIVR) in July as a competitor to the iShares Silver Trust and the ETFS Physical Swiss Gold Shares ETF (NYSE: SGOL) debuted in September as a competitor to the SPDR Gold Shares (NYSE: GLD).

ETFs backed by physical commodities have proven popular with investors as highlighted by the fact that GLD is the second-largest ETF by assets in the world.

ETF Securities recently introduced the ETFS Physical Platinum Shares ETF (NYSE: PPLT) and ETFS Physical Palladium Shares ETF (NYSE: PALL), which have also been met with a warm reception.

Since the new ETF Securities ETF will remove physical metals from the market, the fund's introduction could cause a spike in futures prices as was seen with the introduction of the palladium and platinum ETFs.


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Posted-In: ETFs