ETF Securities' platinum holdings jump in Q1

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

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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)