ETFS Physical Precious Metal Basket
ASX Code: ETPMPM
ETFS Physical PM Basket (ASX Code: ETPMPM) offers low-cost access to physical gold, silver, platinum and palladium via the stock exchange and avoids the need for investors to personally store their own bullion.
ETPMPM offers investors a simple, cost-efficient and secure way to access precious metals in the form of gold, silver, platinum and palladium by providing a return equivalent to the Australian dollar price movement of the metals basket less a daily management fee.
ETPMPM is backed by physical allocated gold, silver, platinum and palladium 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 gold and silver Good Delivery and 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.
ETPMPM 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 ETPMPM
Efficient exposure to a basket of four precious metals.
Diversification away from traditional asset classes.
Simple exposure to the physical metal without the need to store yourself.