ETPMPD

ETFS Physical Palladium

ASX Code: ETPMPD

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


About ETPMPD

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

ETPMPD is backed by physically allocated palladium held by JPMorgan Chase Bank, N.A. (the Custodian) in London. Only metal that conforms with the London Platinum and Palladium Association’s (LPPM) 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.

ETPMPD 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.

Why consider ETPMPD

1

Exposure to the supply/demand dynamics of palladium.

2

Diversification away from traditional asset classes.

3

Simple exposure to the physical metal without the need to store yourself.

FAQs

Where is the metal stored?

The physical palladium for ETPMPD 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 palladium 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 ETPMPD unit comes with an entitlement to an amount of physical bullion. This amount was 0.094275922 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 palladium, 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 ETPMPD in a portfolio?

Palladium tends to have a low correlation to other traditional assets and can therefore be used to enhance a portfolio’s overall risk/return characteristics through diversification. Palladium can be viewed as an alternative asset exposure.

Palladium can offer a growth exposure in relation to industrial demand in the area of automotive manufacturing.

Product Information

NAV Information
NAV/Unit (A$)320.6443
Date (NAV)18 Jun 2021
Currency (NAV)AUD
Shares outstanding23,493
AUM (A$)7,532,897.53
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

Trading Information

Symbols and Trading Hours
ASX CodeETPMPD
Bloomberg CodeETPMPD AU Equity
ISINAU000ETPMPD3
SEDOLB3KMGB9
IRESSETPMPD.AXW
Trading hours10:00AM – 4:00PM
Trade Online

Management & Administration

IssuerETFS Metal Securities Australia Limited
CustodianJPMorgan Chase Bank, N.A.
RegistrarComputershare Investor Services Pty Limited
TrusteeGold Bullion Nominees

Benchmark Information

BenchmarkLBMA Palladium Price PM
TickerPLDMLNPM

Performance

Announcements

Resources