ETF Securities has launched the ETFS Precious Metals Basket, an exchange-traded fund that holds fixed physical weights of gold, silver, platinum and palladium.

The fund, trading under the CUSIP GLTR, for glitter, on NYSE Arca, “was developed in response to demand from a diverse client base looking for a single-ticker solution that provides cost-effective precious metals exposure in a physically backed fund,” said Fred Jheon, head of product and business development at ETF Securities.

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