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Rating:A UK Fund Firm Plots More US ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 06, 2010

A UK Fund Firm Plots More US ETFs

News summary by MFWire's editors

Frank Sinatra said if you can make it here, you can make it anywhere, a phrase which London-based ETF Securities will be banking on.

The UK company is hoping to match the success of its first US offerings, which have so far garnered over $1.3 billion, according to a Reuters report. ETFS has four metal-backed ETFs trading in America, including its first, the ETFS Physical Swiss Gold Shares, which launched in September 2009, and two platinum-back funds which debuted in January. Its ETFS Physical Platinum Shares fund manages $521 million, while the ETFS Physical Palladium Shares ETF is worth $270 million.

ETF Securities chairman Graham Tuckwell told Reuters he is considering additional products for the US market.

"I always knew the U.S. market was a good one to be in," he told the wire service. Additional funds are "absolutely something we're thinking of."

The company manages about $17 billion in assets globally and has an array of commodity funds, backed not only in precious metals, but also in commodities such as cocoa, hogs and copper. 

Edited by: Daniel Tovrov

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