ETFS Physical Silver
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Investment details correct as at 31 May 2019. Performance data as at 14 June 2019.
|ETF name||ETFS Physical Silver|
|Investment objectives||ETFS Physical Silver (PHSP) is designed to offer security holders a simple, cost-efficient and secure way to access the silver market by providing a return equivalent to the movements in the silver spot price less the applicable management fee.
PHSP is backed by physical allocated silver held by HSBC Bank plc (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
|Launch (Listing) date||29 October 2007|
|Fund size||$749.07m as of 13/06/2019|
|Issuer||ETFS Metal Securities Limited|
|Legal form||Debt security|
|Underlying exposure||Physically backed with allocated metal subject to LBMA rules for Good Delivery|
|Vault location||London, UK|
|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 comppliance approved||Yes|
Mufti Muhammad Zubair Butt
Mufti Muhammad Ibn Adam al Kawthari
|Ongoing charge (TER/OCF)||0.49% p.a.|
|Top holdings||% of fund|