ETFS Physical White Metal Basket Shares starts trading on NYSE Arca: (Ticker: WITE)

ETFS Physical White Metal Basket Shares (Ticker: WITE) will be the first US-based physically backed white precious metal basket ETP to hold silver, platinum and palladium in fixed weights. 


WITE complements the existing suite of products provided by ETF Securities; GLTR, SGOL, SIVR, PPLT & PALL. ETF Securities continues to offer the broadest range of physically backed precious metal ETPs in the US market.


Key highlights of WITE:

• Unique offering: ETFS Physical WM Basket Shares (Ticker: WITE) will be the first US physically-backed ETP to exclusively hold silver, platinum and palladium in fixed weights. WITE complements the existing suite of products provided by ETF Securities, which continues to offer the broadest range of physically-backed precious metal ETPs in the US market.
• White metals Basket: It is expected that WITE will appeal to those investors looking for a “one trade solution” to invest in all three precious metals as well as diversify their existing gold holdings.
• Industrial Metal Play: It is expected that WITE may appeal to investors looking for a precious metals play more geared to the economic growth cycle.
• Cost effective: The Sponsor’s Fee for WITE will be 0.60%⁽³⁾. It is expected that the transaction costs for buying and selling the shares will be lower than purchasing, storing and insuring physical silver, platinum and palladium.
• Liquid: The shares will trade on the NYSE Arca. The Trust structure allows for shares to be created and redeemed according to supply and demand in the market.
• Transparent: The silver, platinum and palladium bullion held by the trust is inspected biannually by the independent metal assayer, Inspectorate International. The pricing information, net asset value, and precious metals bar numbers held by the Trust are published daily on the website www.etfsecurities.com.

ETF Securities is the first US ETF Sponsor to provide investors with access to a full suite of precious metal ETFs. Investors can now trade physically-backed Gold, Silver, Platinum, Palladium & Precious Metals Basket ETFs from the same provider. The six precious metal ETFs have the following key features:

• Track spot price of underlying metal less associated management fees
• Physically backed by underlying bullion – minimal counterparty risk
• Gold, Silver, Platinum & Palladium vaulted in London and Switzerland
• Bullion holdings audited by specialist audit firm biannually – audit reports published on the website www.etfsecurities.com
• Bullion bar list published on website
• Low cost
• Options are trading on ETFS Physical Swiss Gold Shares (SGOL) and ETFS Physical Silver Shares (SIVR).