ETFs Linked to Platinum, Palladium Launched

ETF Securities has just introduced the ETFS Physical Platinum Shares (PPLT) and the ETFS Physical Palladium Shares (PALL).

Last year's stellar performance of industrial and precious metals has raised investor awareness about diversifying their portfolios into commodities.

Gold (GLD) rose 27.12 percent, silver (SLV) was ahead by 56.62 percent and copper (JJC) jumped by 131.35 percent.

In related new offerings, ETF Securities has just introduced the ETFS Physical Platinum Shares (PPLT) and the ETFS Physical Palladium Shares (PALL).

PPLT and PALL are both backed by platinum and palladium allocated bullion in plate and ingot form stored in secure vaults in London and Switzerland. JPMorgan Chase Bank serves as the custodian for both trusts. Unlike metals futures contracts, the physical platinum and palladium allocated bullion within each trust is subject to minimal counterparty or credit risks.

Both trusts charge 0.60 percent in annual expenses.

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