ETF Quote Details
|NAV (month end)||94.68|
|Premium (+)/Discount (-) (month end)||+3.96|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
|Issuer||ETF SECURITIES USA|
This looks to reflect the price of platinum, less the expenses of the Trust. Platinum is held in secure vaults in London or Zurich where third-party inspections are performed twice a year. The product is a precious metal that has a number of uses in society including jewelry and electronics. The primary use, however, is in the auto sector with catalytic converters to control emissions.
PPLT are issued by ETFS Platinum Trust, the Trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of platinum, less Trust?s expenses. The Shares are designed for investors who want a cost-effective and convenient way to invest in physical platinum.