NEW YORK--(BUSINESS WIRE)--GraniteShares, a new kind of exchange-traded fund (ETF) company, launches the lowest cost physical platinum ETF available in the U.S. at 50 basis points.* The GraniteShares Platinum Trust (NYSE Arca: PLTM) will be backed by physical platinum held in a vault in London.
“We believe that platinum is one of the best investment stories never told. Many investors are simply not aware of its investment potential and our mission is to change that,” said Will Rhind, CEO of GraniteShares. “Platinum is a unique, durable metal that is used in a variety of ways, including in the reduction of vehicle emissions, the making of jewelry and in a range of industrial applications. Through PLTM, GraniteShares is seeking to offer cost-effective access to investing in platinum.”
In seeking to demonstrate its commitment to platinum as an investment asset, GraniteShares entered into an agreement with the World Platinum Investment Council (WPIC), a global market authority on physical platinum investment, to fund the development and launch of PLTM. WPIC’s mission is to stimulate global investor demand for physical platinum through both actionable insights communicating the case for investing in platinum and targeted product development.
“The WPIC recognizes the continued investor demand for platinum, and is pleased to see another platinum-focused investment product that will increase the choices available to investors,” said Paul Wilson, CEO of WPIC.
GraniteShares seeks to disrupt and democratize commodity investing by offering a platform of cost-effective investments with better structures via the ETF wrapper. PLTM joins GraniteShares’ growing suite of low-cost, commodity-focused ETFs: the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB), the GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF (COMG), the GraniteShares Gold Trust (BAR) and the HIPS US High Income ETF (HIPS).
GraniteShares is an independent, fully funded ETF company headquartered in New York City. The firm seeks to launch disruptive ETFs. GraniteShares' focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 16 years of experience in the industry.
*Source: ETF.com. January 2018, PLTM Sponsor Fee is 0.50%
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum
Trust (PLTM), collectively “the Trusts”, must be preceded or accompanied
by a prospectus. Please read the prospectus carefully before investing
or sending money. To obtain a prospectus visit the links:
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
Commodities and futures are speculative, highly volatile and may not be suitable for all investors. You could lose money by investing in the funds and the Trusts. Shares of the Trusts are not insured by the Federal Deposit Insurance Corporation (“FDIC”), may lose value and have no bank guarantee.
The Trusts are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder. The Trusts are not a commodity pool for purposes of the Commodity Exchange Act of 1936, as amended. The Trusts are recently formed and has a limited history of operations. There can be no assurances that its objective will be met.
The Trusts’ shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of Trust shares relates directly to the value of the gold or platinum held by the Trusts (less its expenses), and fluctuations in the price of gold or platinum could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold or platinum represented by them. Shares of the Trust are bought and sold at market price. Ordinary brokerage commissions may apply and will reduce returns.
Basis point: 100 basis points (bps) = 1%
The Sponsor of the Trust is GraniteShares LLC.
Foreside Fund Services, LLC, provides marketing services to the Trust
THE ETFs, COMG AND COMB, AND FUNDS ARE DISTRIBUTED BY FORESIDE FUND SERVICES, LLC. GRANITESHARES IS NOT AFFILIATED WITH FORESIDE FUND SERVICES, LLC
Investing in the shares involves significant risks, including possible loss of principal. You could lose money on an investment in the Trusts. For a more complete discussion of risk factors relative to the Trusts, carefully read the prospectus.
The Trusts are passive investment vehicles. The price received upon the
sale of shares may be less than the value of the gold or platinum
represented by them.
The Trusts are not diversified investments, they may be more volatile than other investments.
The Trusts may be forced to sell gold or platinum earlier than anticipated if expenses are higher than expected.
The Sponsor has no history of operating an investment vehicle like the Trusts, its experience may be inadequate or unsuitable to manage the Trusts.
The price of platinum has fluctuated widely over the past several years. Several factors may affect the price of platinum, including: global platinum supply and demand; investors’ expectations with respect to the rate of inflation; currency exchange rates; interest rates; investment and trading activities of hedge funds and commodity funds; and global or regional, political, economic or financial events and situations. In addition, investors should be aware that there is no assurance that platinum will maintain its long-term value in terms of purchasing power in the future. In the event that the price of platinum declines, the Sponsor expects the value of an investment in the Shares to decline proportionately.
WPIC is not involved in the offering or sale of shares of PLTM and is not authorized by any regulatory authority to provide investment advice. For further information, please visit www.platinuminvestment.com.