Another First, Another Milestone For ETF Securities

by on August 25, 2009 | ETFs Mentioned:

ETF Securities, the firm responsible for the world’s first gold and oil exchange traded products that recently made its initial foray into the U.S. ETF market, continues to add to its list of “ETF firsts.” On Monday, the London-based firm launched Japan’s first precious metals ETF platform on the Tokyo Stock Exchange, offering Japanese investors exposure to physical precious metals for the first time. The funds available include:

  • Main Floor of the Tokyo Stock ExchangeETFS Physical Gold
  • ETFS Physical Silver
  • ETFS Physical Platinum
  • ETFS Physical Palladium
  • ETFS Physical Precious Metals Basket (consisting of the four precious metals listed above)

Progress Stateside

Meanwhile, on the other side of the globe, ETFS’ accomplishments continue to mount as well. The company’s first (and as of yet, only) U.S.-listed ETF, the ETF Securities Silver Trust (SIVR) recently topped the $100 million in assets mark. While SIVR is still significantly smaller than its iShares competitor (SLV), it has reached the $100 million mark in its first month of trading, a major accomplishment. “Initial inflows indicate to management that SIVR has captured the mood of American investors who are looking to gain exposure to Silver through a cost effective, transparent, physically backed product,” said William Rhind, Head of Sales & Marketing for ETFS Marketing, LLC.

As ETFS continues to expand in Asia and sees a warm reception from investors in the U.S., it seems like a good bet that we’ll be seeing more U.S.-listed ETFs from the company soon. ETFS is likely to offer additional physically-backed precious metals ETFs, although no definitive timetable for new fund launches has been set.

Disclosure: No positions at time of writing.