ETF Securities ETPMAG ETF (ASX:ETPMAG)
The ETFS ETPMAG ETF provides investors with access to the precious metal of silver, by seeking to achieve a return equivalent to the movements in the silver spot price, before fees and expenses.
ETPMAG share price & data
What does the ETPMAG invest in?
ETPMAG is backed by physical allocated silver held by JP Morgan at its London vault. Each physical bar is segregated, individually identified and allocated. ETPMAG is an exchange-traded commodity that can be created and redeemed on demand – in this way, an investment in ETPMAG provides investors with an entitlement to physical silver bars.
What do investors use ETPMAG for?
ETPMAG could be used by investors to diversify a portfolio with the precious metal commodity of silver which is typically uncorrelated with other asset classes. In this way, ETPMAG could be used as a hedge against risk – silver, like gold, has been traditionally used as a store of value and a hedge against inflation.
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