Nový ETF vo Švajčiarsku

Ďalších 20 mil. uncí striebra bude do 1 roka stiahnutých z trhu pre investičné potreby nového ETF.

Zurich Cantonal Bank's exchange-traded funds (ETFs), based on platinum, palladium and silver, started trading on the SWX Swiss Exchange yesterday.


Oliver Holzer, the bank's head of ETF sales, said trading volume in its palladium fund was 666 units in early business, while platinum and silver each traded about 100 units.


The minimum lot size is 500g for platinum, 1kg for palladium and 30kg for silver.


The bank expects to attract investments equivalent to 70 000 ounces of platinum, 200 000 ounces of palladium and 20 million ounces of silver in a year.


ETFs allow investors to gain exposure to commodity markets without worrying about setting up futures trading accounts or taking physical delivery.


Sponsors of such funds buy a matching amount of the commodity from the market to keep in bank vaults.


The Zurich platinum and palladium ETFs follow the launch of similar products by ETF Securities on the London.


Source: SilverS

13.05.2007

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan