ETFS Physical PM Basket
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Investment details correct as at 31 May 2019. Performance data as at 14 June 2019.
|ETF name||ETFS Physical PM Basket|
|Investment objectives||ETFS Physical PM Basket (PHPP) is designed to offer security holders a simple, cost-efficient and secure way to access the precious metals market by providing a return equivalent to the movements in the spot prices of four precious metals less the applicable management fee.
PHPP is backed by physical allocated precious metals held by HSBC Bank plc (the custodian). Only metal conforming with following rules can be accepted by the custodian: the London Bullion Market Association's (LBMA) rules for Good Delivery for Gold and Silver and the London Platinum and Palladium Association's (LPPA) rules for Good Delivery for Platinum and Palladium. Each physical bar is segregated, individually identified and allocated.
|Launch (Listing) date||29 October 2007|
|Fund size||$92.40m as of 13/06/2019|
|Issuer||ETFS Metal Securities Limited|
|Legal form||Debt security|
|Underlying exposure||Physically backed with allocated metal subject to LBMA and LPPM rules for Good Delivery|
|Vault location||London, UK / Zurich, Switzerland|
|Vault inspector||Inspectorate International (Vault inspected 2x per annum)|
|Custodian||HSBC Bank plc|
|Trustee||The Law Debenture Trust Corporation p.l.c.|
|Currency hedged||No – this product is not protected against adverse currency movements|
|Short / leveraged||No|
Risks and ratings
|Risk & reward profile||
Potentially higher risk/reward >
|Sharia compliance approved||Yes|
Mufti Muhammad Zubair Butt
Mufti Muhammad Ibn Adam al Kawthari
|Ongoing charge (TER/OCF)||0.44% p.a.|
|Top holdings||% of fund|