New bullion-backed precious metals ETF launched - with a twist

A new precious metals ETFs was launched, but one with a twist: it's a white metals basket that includes bullion for:

- silver
- platinum
- palladium

Please note that we track all gold and PM ETFs live here.

The ticker is WITE:

The ETF is being launched by ETF Securities. "ETFS Physical White Metal Basket Shares (Ticker: WITE) will be the first US-based physically backed white precious metal basket ETP to hold silver, platinum and palladium in fixed weights. WITE complements the existing suite of products provided by ETF Securities; GLTR, SGOL, SIVR, PPLT & PALL. ETF Securities continues to offer the broadest range of physically backed precious metal ETPs in the US market".

The gross expense ratio is 0.60%/y.