09.07.2013 - Investors rush to new platinum fund
Holdings of Absa Capitalís 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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