Products
ETF Securities Cross-Lists ETPs in Mexico
ETF Securities (ETFS) has cross-listed four of its physically-backed
precious metal products on the Mexican stock exchange, the Bolsa
Mexicana de Valores (BMV).
Reported by Rebecca Moore
ETFS says the Mexico cross-listing initiative came about from local Mexican institutional clients requesting more choice in physically-backed exchange-traded product (ETP) solutions.
The cross-listed products include:
- ETFS Physical Platinum Shares (Ticker: PPLT)
- ETFS Physical Palladium Shares (Ticker: PALL)
- ETFS Physical Precious Metal Basket Shares (Ticker: GLTR)
- ETFS Physical White Metal Basket Shares (Ticker: WITE)
According to the company, the precious metal ETPs have the following key features:
- Track spot price of underlying metal less associated management fees
- Physically-backed by underlying bullion – minimal counterparty risk
- Bullion holdings audited by specialist audit firm biannually – audit reports published on the Web site http://www.etfsecurities.com