ETF Securities USA LLC announces that the total assets under management of its six products now exceed $3.5 Billion as of January 4th, 2010.
The press release is quoted as saying:
The ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust, ETFS Platinum Trust , ETFS Precious Metals Basket Trust & ETFS White Metals Basket Trusts are not investment companies registered under the Investment Company Act of 1940 or commodity pools for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Please read the prospectus carefully before investing.