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ETF Securities also announced it has bought the world's first gold ETC, Gold Bullion Securities Ltd. (GOLD.AU).
"Our decision to launch this range of precious metals is twofold," said Graham Tuckwell, chairman of ETF Securities. "First, it comes in the wake of increasing global demand for precious metals through ETCs, which have seen steady growth over the last four years to over A$38 billion. Second, we want to offer investors exposure to a broad range of precious metals, which have historically been extremely difficult to access."
-By Elisabeth Behrmann, Dow Jones Newswires; 61-2-8235-2965; elisabeth.behrmann@dowjones.com
(END) Dow Jones Newswires
11-19-08 1928ET
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