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Security Profile
- Security Type
- Index ETF
- CUSIP
- 003260106 (prev. 26922V101 )
- Market Cap
- Mid Cap
- IPO
- 1/8/2010
- Previous Name
- ETFS Physical Platinum Shares
Fund Description: abrdn Platinum ETF Trust formerly ETFS Physical Platinum Shares is under the ETFS Platinum Trust. The abrdn Platinum ETF Trust is a common law trust and is not registered as an investment company under the Investment Company Act of 1940. <p> INVESTMENT OBJECTIVE: abrdn Platinum ETF Trust seeks for the Shares to reflect the performance of the price of physical platinum, less the expenses of the Trust’s operations. <p> TRUST DESCRIPTION: The Shares represent beneficial interest in the Trust, which in turn holds allocated physical platinum bullion bars stored in secure vaults in London and Zurich on behalf of the Custodian, JPMorgan Chase Bank, N.A.,. Each physical plate and ingot is properly segregated, individually identified and allocated towards the property of the Trust. All physical platinum conforms to the London Platinum and Palladium Market (LPPM). The Shares are designed for investors who want a cost-effective and convenient way to invest in platinum with minimal credit risk. The platinum held by the trust is inspected biannually by the independent metal assayer, Inspectorate International. The pricing information, net asset value of the Trust, and platinum bar numbers held by the Trust are published daily on the ETFS website. <p> TRUST STRATEGY: The Shares trade on an exchange like any other exchange-listed security. The Trust structure allows for shares to be created and redeemed according to supply and demand in the market. The Shares are listed on the New York Stock Exchange (NYSE Arca code: PPLT). The shares are available to be bought or sold, like ordinary listed securities, throughout the trading day. The shares are eligible for margin accounts. <p> TRUST MANAGEMENT: The Bank of New York Mellon is the trustee of the Trust and is generally responsible for the day-to-day administration of the Trust.
Company Contact
- Headquarters
- 1900 Market Street, Suite 200, Philadelphia, PA 19103
- Phone
- 844-383-7289 · Toll-Free 844-383-7289
- Fax
- 646-921-8988
- Investor Relations
- 646-846-3130 · infoUS@etfsecurities.com