ETF Securities Ltd (ETFS), the global pioneers in Exchange Traded Commodities (ETCs), has seen growth in assets under management in Germany and Austria exceed US$150 million in 9 months.
This comes as a direct result of ETF Securities’ successful listing of its ETC platform on the Deutsche Boerse in November 2006, and most recently, the launch of a range of physically-backed precious metals ETCs on the Deutsche Boerse in May this year. The physically-backed precious metals ETCs have been very popular with investors, especially private banks, as they are simple to understand and track the metal spot price less fees.
“Following our listings of ETCs on the Deutsche Boerse in November 2006, and recently the range of physically-backed precious metals, we have seen a significant amount of money invested into these products in Germany and Austria,” says Graham Tuckwell, Chairman of ETF Securities. “Germany and Austria are key focus markets for our company.”