ETF Securities' platinum holdings jump in Q1

LONDON, April 1 Wed Apr 1, 2009 4:08pm BST

Related Topics

Quotes

   

LONDON, April 1 (Reuters) - ETF Securities said holdings of its platinum-backed exchange traded commodity (PHPT.L) jumped 87 percent to 321,369 ounces in the first quarter of 2009.

The amount of metal backing its palladium-backed product (PHPD.L) rose 64 percent in the same period, it said.

Interest in exchange-traded funds has soared in recent months as investors seek the safety of physically backed assets amid volatility in other markets. (Reporting by Jan Harvey; Editing by Sue Thomas)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.