ETF Securities Introduces New 'White Metals' ETF (WITE)

For those sick of the the 'gold rush' that is coming at you from all angles and from all media sources, ETF Securities is proudly introducing their ETFS Physical White Metals Basket Shares (NYSE: WITE)!

The ETF , which will trade on the NYSE Arca under the ticker "WITE"
(shortened form of 'white'), will contain a choice selection of metals:
silver, platinum and palladium. All the metals will be held in fixed weights.

Gross expense ratio will be 0.60% per year. It is expected that the transaction costs for buying and selling the shares will be lower than purchasing, storing and insuring physical silver, platinum and palladium.

JP Morgan Chase Bank will be the Custodian on the Trust. Silver will be held in London and Platinum and Palladium will be held in London or Zurich.

All physical bullion held with J.P. Morgan Chase Bank conforms to the London Bullion Market Association’s (LBMA) and London Platinum and Palladium Market Association’s (LPPM) rules for Good Delivery.

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