ETF Securities Selected as Sole Provider of Precious Metal ETFs for New Schwab ETF OneSource(TM) Offering
NEW YORK, Feb. 7, 2013 /PRNewswire/ — ETF Securities U.S. LLC has been selected by Charles Schwab as the sole provider of precious metal exchange traded funds (ETFs) for the new offering, Schwab ETF OneSource(TM), which was introduced today in New York.
As part of the Schwab ETF OneSource platform, investors and advisors will be able to buy and sell 105 ETFs commission free. All major asset classes are available through this offering, including ETF Securities’ physically-backed precious metal ETFs.
“We’re extremely pleased to partner with Charles Schwab to offer our funds directly to investors without a commission,” says Will Rhind(1), Managing Director of ETF Securities, New York. “Studies show that the biggest factor in considering an ETF is cost(2). This new offering removes that barrier and gives unprecedented ease-of-access to investors who want to participate in the precious metals market without having to purchase coins or bars.”
With $0 online trade commissions, Schwab clients will be able to trade ETF Securities’ Physical Swiss Gold Shares (SGOL), Physical Silver Shares (SIVR), Physical Platinum Shares (PPLT), Physical Palladium Shares (PALL), Physical Precious Metals Basket Shares (GLTR), and Physical White Metals Basket Share (WITE).
Unlike most ETFs, which simply track an index, ETF Securities’ funds are physically-backed with the underlying metal assets held in vaults in London, Zurich and Singapore. Investors who buy shares of an ETF Securities’ fund have an ownership stake in the fund’s underlying commodity, which provides price transparency and liquidity.
Mr. Rhind concludes, “Since entering the U.S. market in July 2009, ETF Securities has amassed more than $4.1 billion in assets under management in the United States. Being part of Schwab’s offering — through its base of 8.7 million brokerage accounts — gives us much broader reach for the ultimate benefit of investors who want physical precious metals as part of a diversified portfolio.”
More information on ETF Securities’ products is available on www.etfsecurities.com
(1)William Rhind is a registered representative of ALPS Distributors, Inc.
(2) According to the 2012 ETF Investor Study by Charles Schwab, October 2012
About ETF Securities
ETF Securities is one of the world’s leading, independent exchange-traded product providers and a pioneer in commodities*. Our work in this asset class is complemented by a range of other alternative investment solutions including currencies and thematic equities. We are dedicated to developing liquid, transparent investment products that can be traded on world stock exchanges.
The company has a strong history of product innovation and this remains a key tenet of our guiding philosophy. Our management team listed the world’s first gold exchange-traded commodity in 2003, and many other market-leading investment solutions have since followed. Today ETF Securities offers what we believe to be the world’s most comprehensive range of exchange-traded commodities and as at 31 January 2013 was responsible for US$30 billion in global investor assets.
To learn more about ETF Securities go to: www.etfsecurities.com
*ETF Securities listed the world’s first gold exchange-traded commodity in 2003
Risks and Important Considerations
ADI is not affiliated with The Charles Schwab Corporation or any of its affiliates.
The value of the Shares relates directly to the value of platinum held by the Trusts and fluctuations in the price of gold, silver, platinum and palladium could materially adversely affect an investment in the Shares. Several factors may affect the price of gold, silver, platinum and palladium including: A change in economic conditions, such as a recession, can adversely affect the price of platinum. Gold, silver, platinum, and palladium are used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares; Investors’ expectations with respect to the rate of inflation; currency exchange rates; interest rates; investment and trading activities of hedge funds and commodity funds; and global or regional political, economic or financial events and situations. Should there be an increase in the level of hedge activity of bullion producing companies, it could cause a decline in world prices, adversely affecting the price of the Shares. Also, should the speculative community take a negative view towards bullion, it could cause a decline in world gold, silver, platinum and palladium prices, negatively impacting the price of the Shares. There is a risk that part or all of the Trusts’ gold, silver, platinum, and palladium could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metals held by the Trusts could result in a loss to the Trusts. Investments in the trust does not constitute a direct investment in the underlying metal.
Commodities generally are volatile and are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility. Since there is no limit on the amount of gold, silver, platinum, and palladium that the Trusts may acquire, the Trusts, as they grow, may have an impact on the supply and demand of gold, silver, platinum, and palladium. Please refer to the prospectuses for complete information regarding all risks associated with the Trusts. Shares in the Trusts are not FDIC insured, may lose value, and have no bank guarantee.
This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing. Click here to review the prospectus.
ALPS Distributors, Inc. is the marketing agent for the ETFS Silver Trust, ETFS Gold Trust, ETFS Platinum Trust, ETFS Palladium Trust, ETFS Precious Metals Basket Trust, and ETFS White Metals Basket Trust (“the Trusts”). ETF Securities Ltd. or its affiliates are not affiliated with ALPS Distributors, Inc. Certain marketing services may be provided for the Trusts by ETF Securities (US) LLC. ALPS Distributors, Inc. and ETF Securities (US) LLC do not provide any services for the European product, ETFS Physical Platinum.
Although Shares of the Trusts may be bought and sold on the exchange through any brokerage account, they are not individually redeemable directly from the Trusts. Investors may acquire Shares and tender them for redemption through the Trusts in Basket aggregation only. Please see the prospectus for more details.
This press release contains “forward-looking statements” with respect to results of operations, plans, objectives, future performance and business. Statements preceded by, followed by or that include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, or similar expressions are intended to identify some of the forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are included, along with the statement, for purposes of complying with the safe harbor provisions of that Act. All statements (other than statements of historical fact) included in this press release that address activities, events or developments that will or may occurring the future, including such matters as changes in commodity prices and market conditions (for platinum and the Shares), the Trusts operations, the Sponsors plans and references to the Trusts future success and other similar matters are forward looking statements. These statements are only predictions. Actual events or results may differ materially.
The Funds are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
Past performance is no guarantee of future results.
SOURCE ETF Securities