04.12.2012 - World's first diamond and gemstones ETF makes its debut
The world's first ETF to focus on diamonds and gemstones has been launched by New Jersey-based PureFunds on the NYSE Arca. ETF Strategy reports that the PureFunds ISE Diamond/Gemstone ETF (GEMS) made its debut last week as one of three commodity-related exchange-traded funds launched simultaneously by PureFunds, a fresh entrant on the US ETF scene. Paul Zimnisky, CEO of PureFunds, said that the ETF invests exclusively in companies that produce, refine, sell or hold gemstone inventory, in an effort to overcome traditional impediments to investment in gemstones as assets such as the absence of both spot and futures market...............................................Full Article: Source
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