ETFS launches platinum and palladium ETFs in US

The ETFS Physical Platinum Shares and the ETFS Physical Palladium Shares are designed to reflect the performance of the price of platinum and palladium respectively, less the funds' expenses. The funds are backed by platinum and palladium allocated bullion, stored in vaults located in London and Switzerland by the custodian JP Morgan Chase. The stored precious metals will also undergo a bi-annual audit performed by an independent external bullion auditor. ETFS Marketing head of product and business development Fred Jheon says commodity ETFs have shown strong growth over the past si...