c'est Black Rock, le nouveau propriétaire d' I shares ( anciennement barclays et SLV) qui se lance dans l'affaire
Les 4 ETF seront cotés à Londres et le benchmark sera le fixing londres .
Devinez qui sera le gardien du trésor de ces 4 ETF ?
JPM
inutile de détailler d'avantage hein .. tout le monde a compris .. les 2 ETF or et argent, GLD et SLV, cotées sur NY, ne suffisent plus.. le cartel crée donc sur Londres, 4 nouveaux outils .. 4 nouveaux bouts de papier, promettant de l'or, de l'argent, du platine ou du palladium .
sans nul doute ( et comme GLD et SLV sur le comex), éligibles à la livraison de physique sur le LBMA ... ba voyons .. là où il y a de la géne, ya pas de plaisir ..
notez bien qu'ils n'ont pour le moment aucune intention de créer des ETF métaux de base .. juste pour les précieux .. tiens donc .. encore une coincidence ..
************************
iShares launches four precious metals ETCs in London
* Gold, silver ETCs launch with $10 mln worth of metal
* Company not looking at base metals ETCs 'at this stage'
LONDON, April 11 (Reuters) - iShares will launch four physically backed precious metals exchange-traded commodities on Monday, which will list on the London Stock Exchange and which will use the London fixings as their benchmark, said Joe Linhares, head of EMEA iShares.
iShares, which is owned by Blackrock, the world's largest asset manager, said the bullion custodian for the gold, silver, platinum and palladium-backed products will be JPMorgan, and the administrator and trustee will be State Street.
The gold and silver ETCs will launch with $10 million worth of metal, iShares said, while the platinum and palladium products will initially be backed by $5 million worth of metal.
Physical ETCs are debt securities that are backed by the physical asset, which is held in a ring-fenced, segregated account within a special purpose vehicle. They offer investors exposure to the commodity price without physical custodianship.
"Commodities are an ever increasingly important asset class, certainly for our institutional customers," Linhares said.
"These are good building blocks, and where there is the most demand at this time."
Precious metals-backed exchange-traded products like ETFs and ETCs have proved extremely popular with investors in recent years, seeing record-breaking inflows as metal prices rallied to multi-year or record highs.
"People creating portfolios through asset allocation have really thought long and hard about adding commodities to those," Linhares told Reuters on the sidelines of an iShares event.
"Gold and silver and the other precious metals are an important part of that."
"They are a terrific investment now, and people are very interested in them," he added. "We are about building tools to fit those needs."
The products will use the U.S. dollar as their base currency. iShares already operates the world's largest silver-backed exchange-traded fund, New York's iShares Silver Trust .
Separately, iShares said it is not looking at launching base metals ETCs "at this stage".
"Certainly it is more of an operational issue, because there are large questions over how to ship and store the metal," said Axel Lonholp, iShares' head of product development for Europe, the Middle East and Africa.
-END-
source
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