One Year Later: The Other Precious Metals ETF (WITE )

ETF Securities, known for listing the world’s first physical gold ETF, debuted the first ever physically-backed precious metals ETF that focuses exclusively on silver, platinum, and palladium late last year. Since its inception in December 2011, WITE has accumulated just over $45 million in assets under management and trades on average over 10,000 shares daily, showcasing the demand for precious metals exposure during a tumultuous period in the markets. Nonetheless, it’s been a tough year for commodities across the board as debt woes in Europe and slowing growth in China have painted a gloomy outlook for raw materials demand in developed and emerging markets alike [see Ten Unexpected Observations On YTD ETF Returns]. Under The Hood WITE is the only offering in the Precious Metals ETFdb Category that offers bundled exposure to silver, platinum, and palladium under one ticker [see Precious Metals Category Report]. This one-of-a-kind offering is designed to [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: What’s Next For Europe? ETF Insider: High Tensions As Euro Summit Approaches ETF Insider: Volatility Is Still Lurking Alternatives To The 20 Most Popular ETFs When Gold ETFs Sell-Off Do Other Precious Metals Follow?