$25 mln Invested in Physical Base Metal ETPs -ETF Securities-Shanghai Metals Market

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$25 mln Invested in Physical Base Metal ETPs -ETF Securities

Industry News 10:15:24AM Dec 17, 2010 Source:SMM

Dec 16 (Reuters) - UK-based ETF Securities said on Thursday that $25 million had been invested in its physical industrial metal exchange-traded products since launch on December 10.

The amount of copper held to back the physical copper exchange-traded product PHCU.L, launched last week by ETF Securities, totalled 25 tonnes as of December 14, according to the company's website on Wednesday.

Total holdings in the physical nickel PHNI.L and physical tin PHSN.L were 6 tonnes and 5 tonnes respectively.

The three ETPs are listed on the London Stock Exchange and started trading last Friday.

 

$25 mln Invested in Physical Base Metal ETPs -ETF Securities

Industry News 10:15:24AM Dec 17, 2010 Source:SMM

Dec 16 (Reuters) - UK-based ETF Securities said on Thursday that $25 million had been invested in its physical industrial metal exchange-traded products since launch on December 10.

The amount of copper held to back the physical copper exchange-traded product PHCU.L, launched last week by ETF Securities, totalled 25 tonnes as of December 14, according to the company's website on Wednesday.

Total holdings in the physical nickel PHNI.L and physical tin PHSN.L were 6 tonnes and 5 tonnes respectively.

The three ETPs are listed on the London Stock Exchange and started trading last Friday.