Gold equity fund of ETF Securities soars

February 09, 2009

Commodity Online
MUMBAI: Gold ETFs are on a song following the rising demand for the yellow metal across the globe. Among them is ETF Securities, which has shown excellent performance in the recent past.

ETF Securities is the global pioneer in commodities with nearly $9bn invested in commodities directly through ETCs.

The new ETF platform is a world first for exposure to such a wide range of thematic global commodity sectors in the one ETF platform, and as a result, has taken in approximately $30 million since its recent launch.

The ETFS Russell Global Gold Fund (AUCO), which tracks global gold mining companies, has been the best performing ETF, rising by 90% since the 28 October 2008.

This compares to a 22% rise in the gold price over the same period. Gold companies have benefited from investors’ increasingly bullish view on the gold price, with gold companies providing leverage on further gold price gains.

Even after recent increases, global gold companies are still trading at a discount to their levels versus the gold price.

Agriculture-related equities have also performed strongly with the ETFS S-Net ITG Global Agri Business Fund (AGRI), which tracks the returns of globally listed companies involved in agriculture, up 18% since December 2008 (a 110% annualized return).

Exchange Traded Funds (ETFs) are currently seeing renewed interest as investors seek protection through their investments from credit related risks.

ETF Securities has now expanded the reach of its platform of equity index tracking Exchange Traded Funds (ETF) on European Exchanges with new listings on the Deutsche Borse and the Borsa Italiana, following the existing listings on the Irish Stock Exchange, the London Stock Exchange and NYSE-Euronext in 2008. The ETFs are now listed on 5 major European stock exchanges in dedicated ETF trading segments. The ETFs are traded in three currencies (USD, Euros and Sterling).

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