ETPMPT

ETFS Physical Platinum

ASX Code: ETPMPT

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


About ETPMPT

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

ETPMPT is backed by physically allocated platinum 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.

ETPMPT 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 ETPMPT

1

Provides exposure to the supply and demand dynamics of platinum.

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 platinum for ETPMPT 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 platinum bar in the vault is itemised in a bar-list which also is available in the resources section below.

How is the management fee paid?

Each unit in ETPMPT 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 platinum, 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 I use ETPMPT in a portfolio?

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

Platinum can offer a growth exposure in relation to industrial demand in automotive, technology and medical industries.

Product Information

NAV Information
NAV/Unit (A$)151.5796
Date (NAV)10 May 2021
Currency (NAV)AUD
Shares outstanding103,780
AUM (A$)15,730,929.99
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 CodeETPMPT
Bloomberg CodeETPMPT AU Equity
ISINAU000ETPMPT9
SEDOLB3KMG97
IRESSETPMPT.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 Platinum Price PM
TickerPLTMLNPM

Performance

Announcements

Resources

Documents
Date
MSAL Bar List 10 May 2021
MSAL Bar List 09 May 2021
MSAL Bar List 09 May 2021
Factsheet ETPMPT 06 May 2021
MSAL Bar List 06 May 2021