ETFS Physical Silver (ETPMAG) is designed to offer investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the movements in the silver spot price less the applicable management fee.
ETPMAG is backed by physical allocated silver held by JPMorgan Chase Bank, N.A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
ETPMAG is an Exchange Traded Commodity ("ETC") that can be created and redeemed on demand (by market makers). It trades on the ASX just like an equity, is settled and held in ordinary brokerage accounts, and its pricing and tracking operates similarly to an Exchange Traded Fund. No new securities can be issued until the bullion is delivered to the Custodian's vault. There is no credit risk within this product.
|Total Return (%) the Fund||Total Return (%) benchmark||Tracking difference||Tracking error|
|3 Year p.a.||3.96%||4.48%||-0.52%||0.06%|
|5 Year p.a.||3.46%||3.97%||-0.51%||0.07%|
|10 Year p.a.||1.44%||1.94%||-0.50%||0.07%|
|Since inception p.a.||4.08%||4.59%||-0.51%||0.07%|