ETPMAG

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ETFS Physical Silver

ASX Code: ETPMAG
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ETFS Physical Silver (ASX Code: ETPMAG) offers low-cost access to physical silver via the stock exchange and avoids the need for investors to personally store their own bullion.


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About ETPMAG

ETPMAG offers investors a simple, cost-efficient and secure way to access silver by providing a return equivalent to the Australian dollar price movement of silver less a daily management fee.

ETPMAG is backed by physically allocated silver bullion held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery is accepted by the custodian. Each physical bar is segregated, individually identified and allocated which means there is no credit risk. Investors can choose to redeem units for the physical holdings.

ETPMAG is an exchange traded product (ETP) that can be created and redeemed on demand (by Authorised Participants). It trades on the stock exchange just like a share and is settled and held in ordinary brokerage accounts.

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Why consider ETPMAG

1

Low-cost access to redeemable physical silver bullion.

2

Silver is traditionally used as a store of value and often seen as an inflation hedge.

3

Exposure to the supply/demand dynamics in areas like alternative energy and battery production.

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FAQs

Where is the metal stored?

The physical silver bullion for ETPMAG is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice yearly by the auditor Inspectorate. All audit reports are made available in the resources section below. Each silver bar in the vault is itemised in a bar-list which is also available in the resources section below.

How is the management fee paid?

Each ETPMAG unit comes with an entitlement to an amount of physical bullion. This amount was 0.942759061 fine troy ounces as at 1 January 2021. The entitlement is reduced daily by a management fee of 0.49% per annum.

How do I redeem units for the physical metal?

To redeem for physical silver, an investor needs to:

  1. Complete and send a redemption form.
  2. Open an unallocated bullion account with an authorised bullion dealer.
  3. Pay a redemption fee of $1,000 for each redemption.

Depending on the quantity of the order, investors may find that selling units in the secondary market is a more cost-efficient option, especially for small quantities.

How can you use ETPMAG in a portfolio?

Like gold, silver tends to perform well during periods of equity market volatility. Silver can therefore be used to enhance a portfolio’s risk/return characteristics through diversification. Silver can be viewed as an alternative asset.

Silver has been used as a store of value, and because it is independent of any fiat currency it can be used as an inflation hedge.

Silver can offer a growth exposure in relation to industrial demand in the areas of battery storage and medical devices, among other industries.

Product Information

NAV Information
NAV/Unit (A$)29.5310
Date (NAV)14 Oct 2021
Currency (NAV)AUD
Shares outstanding7,366,689
AUM (A$)217,545,719.57
Product Information
Fund inception date02 Jan 2009
Management Costs (% p.a.)0.49
Distribution FrequencyNone
Currency HedgedNo
DomicileAustralia
Legal FormRedeemable preference share with an entitlement to metal
SMSF EligibleYes
Vault LocationLondon, UK
Metal Entitlement
(As at 14 Oct 2021)
Silver0.939137458 oz t

Trading Information

Symbols and Trading Hours
ASX CodeETPMAG
Bloomberg CodeETPMAG AU Equity