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
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.
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.
To redeem for physical palladium, an investor needs to:
- Complete and send a redemption form.
- Open an unallocated bullion account with an authorised bullion dealer.
- Pay a redemption fee of $1,000 for each redemption.
Depending on the quantity of the order, investors may find that selling units in the secondary market is a more cost-efficient option, especially for small quantities.
Palladium tends to have a low correlation to other traditional assets and can therefore be used to enhance a portfolio’s overall risk/return characteristics through diversification. Palladium can be viewed as an alternative asset exposure.
Palladium can offer a growth exposure in relation to industrial demand in the area of automotive manufacturing.
Product Information
| NAV/Unit (A$) | 320.6443 |
| Date (NAV) | 18 Jun 2021 |
| Currency (NAV) | AUD |
| Shares outstanding | 23,493 |
| AUM (A$) | 7,532,897.53 |
| Fund inception date | 02 Jan 2009 |
| Management Costs (% p.a.) | 0.49 |
| Distribution Frequency | None |
| Currency Hedged | No |
| Domicile | Australia |
| Legal Form | Redeemable preference share with an entitlement to metal |
| SMSF Eligible | Yes |
| Vault Location | London, UK |
Trading Information
| ASX Code | ETPMPD |
| Bloomberg Code | ETPMPD AU Equity |
| ISIN | AU000ETPMPD3 |
| SEDOL | B3KMGB9 |
| IRESS | ETPMPD.AXW |
| Trading hours | 10:00AM – 4:00PM |
Management & Administration
| Issuer | ETFS Metal Securities Australia Limited |
| Custodian | JPMorgan Chase Bank, N.A. |
| Registrar | Computershare Investor Services Pty Limited |
| Trustee | Gold Bullion Nominees |
Benchmark Information
| Benchmark | LBMA Palladium Price PM |
| Ticker | PLDMLNPM |
Performance
Announcements
| Announcement | Date |
|---|---|
| Results of 2019 Annual General Meeting | 05 Jun 2019 |
| Results of 2020 Annual General Meeting | 16 Jun 2020 |
Resources
| Documents | Date |
|---|---|
| Results of 2021 Annual General Meeting | 21 Jun 2021 |
| Inspectorate Palladium Audit May 2021 | 21 Jun 2021 |
| MSAL Bar List | 20 Jun 2021 |
| Factsheet ETPMPD | 08 Jun 2021 |
| Report and Financial Statements for the year ended 31 December 2020 | 18 Mar 2021 |