Their MER is 0.6%.
HardAssetsInvestor's Lara Crigger reports that "by the end of the first day of trading, assets in the ETFS Platinum Trust and ETFS Palladium Trust swelled to over $100 million, with over 400,000 shares traded in PPLT and 295,000 shares traded in PALL.
Ms. Crigger asked the issuer a great question on how the ETfs can affect the market:
"Crigger: To that end, the platinum and palladium markets are much smaller than gold, and even silver. Are you running into concerns that your funds might actually move their markets?
Tuckwell: No, not for the sort of amount that we're anticipating. To move the market, you'd really have to have millions and millions of demand - and a market that hasn't seen the demand fall off in the underlying metal.
These are the sorts of markets that are smaller, and therefore if that demand gets large enough, it could start to be an issue. But we've obviously been in dialogue with the SEC on this issue, just to make sure investors are protected. The last thing we want to see is any short squeezing in the market, because all that can ever lead to is prices temporarily jumping and then coming back, and the fund won't do well as a result. So we have every interest to make sure that there's a free market out there, and that it's a properly priced market, too".
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