All that 'Glitters' is Gold; New ETF Offer Basket of Precious Metals
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With the U.S. Federal Reserve ready to announce measures for QE2, gold and other precious metals have rocketed higher. Now there is a new ETF that offers a basket of gold, silver, platinum and palladium under a single ticker - ETFS Physical Precious Metal Basket Shares (NYSE: GLTR).
This will be the first US-based physically backed precious metal basket ETP to hold gold, silver, platinum and palladium in fixed weights.
ETFS Physical Precious Metal Basket Shares will list on the NYSE Arca on October 22, 2010 trading under the ticker symbol GLTR "Glitter."
The Sponsor's fee for GLTR will be 0.60%.
The Shares represent beneficial interest in the Trust, which holds physical allocated gold, silver, platinum and palladium bullion held in vaults by the Custodian (JP Morgan Chase Bank).
This will be the first US-based physically backed precious metal basket ETP to hold gold, silver, platinum and palladium in fixed weights.
ETFS Physical Precious Metal Basket Shares will list on the NYSE Arca on October 22, 2010 trading under the ticker symbol GLTR "Glitter."
The Sponsor's fee for GLTR will be 0.60%.
The Shares represent beneficial interest in the Trust, which holds physical allocated gold, silver, platinum and palladium bullion held in vaults by the Custodian (JP Morgan Chase Bank).
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