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Investors rush to new platinum fund

Posted on 09 July 2013

Holdings of Absa Capital’s platinum-backed exchange traded fund (ETF) had reached more than half a million ounces just 10 weeks after its launch and now accounted for a quarter of all global platinum ETF reserves, the fund said.
Absa said that as of the end of Thursday, its NewPlat ETF held 503 613 ounces of platinum. Despite a relatively poor performance in the spot platinum price, there has been strong interest in the fund since its launch on April 26………………………………………..Full Article: Source


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