ETF Securities ETPMPT ETF (ASX:ETPMPT)
The ETFS ETPMPT ETF provides investors with access to the precious metal of platinum, by seeking to achieve a return equivalent to the movements in the platinum spot price, before fees and expenses.
What does the ETPMPT invest in?
ETPMPT is backed by physical allocated platinum held by JP Morgan at its London vault. Each physical bar is segregated, individually identified and allocated. ETPMPT is an exchange-traded commodity that can be created and redeemed on demand – in this way, an investment in ETPMPM provides investors with an entitlement to physical platinum bars.
What do investors use ETPMPT for?
ETPMPT could be used by investors to diversify a portfolio with the precious metal commodity of platinum which is typically uncorrelated with other asset classes. In this way, ETPMPT could be used as a hedge against risk. It could also be used by investors to profit from a view that platinum prices will rise in the future.
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