Five Signs You’re In Love With Zurich Cantonal Bank Logo

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LONDON, April 16 (Reuters) – Switzerland’s Zurich Cantonal Coffer affairs to barrage exchange-traded funds (ETFs) based on platinum, aegis and argent from the abutting month.

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The coffer said in a account anachronous April 13, acquaint on its website, that the funds would be based on concrete metals and clue their achievement in the market.

ETFs acquiesce investors to accretion acknowledgment to article markets after annoying about ambience up futures trading accounts or demography concrete delivery. Sponsors of such funds buy a analogous bulk of the article from the bazaar to accumulate in coffer vaults.

The funds would be listed on the SWX Swiss Exchange and trading was appointed to alpha on May 10, the account said, abacus the articles were advised for affluent clandestine audience and institutional investors.

“In accession to the aegis provided by concrete advantage with adored metals, investors can advertise their units at any time or appeal acquittal in the anatomy of the concrete adored metal,” the coffer said.

It launched a gold armamentarium aftermost year and bodies accept so far invested about 460 actor Swiss francs ($379 million), it added.

There are added than 10 banknote ETFs in countries including the United States, the UK (GBSx.L), Australia (GOLD.AX), Turkey, Singapore (SGLD.SI) and South Africa. ETFs are listed on banal exchanges and clue atom prices.

Gold ETFs accept accumulated added than 650 tonnes of gold so far, while argent funds accept cornered about 4,200 tonnes.

($1=1.213 Swis franc)

((Reporting by Atul Prakash, alteration by Tony Austin; reuters Messaging: [email protected]; 44 (0) 20 7542 7744)) Keywords: GOLD ETF/ CANTONAL

C Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or agnate means, is expresslyprohibited after the above-mentioned accounting accord of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters accumulation ofcompanies about the world.nL1623759

Five Signs You’re In Love With Zurich Cantonal Bank Logo – zurich cantonal bank logo
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