LONDON--(EON: Enhanced Online News)--ETF Securities has launched CANVAS, a service enabling asset managers from around the world to build and launch white-labelled ETFs1 in Europe.
“As we are in constant contact with our investor base, we are able to respond quickly to their needs. The launch of CANVAS is one of a number of new initiatives we are working on that will expand our business into some new and exciting areas.”
CANVAS will provide a number of ETF-based solutions, including the ability to build ETFs using ETF Securities full infrastructure, set up a bespoke ETF platform, convert existing Undertakings for Collective Investment in Transferable Securities (UCITS) funds into ETFs or add an ETF share class into a UCITS fund. As pioneers in developing exchange traded products (ETPs), ETF Securities has offered ETFs since 2008 and plans to use its expertise to help bring new entrants to the ETF market, creating more choice for investors.
Commenting on the launch of CANVAS, Graham Tuckwell, Chairman, ETF Securities said:
“Asset managers have been steadily increasing their own use of ETFs for some time and recognise that it is one of the highest growth areas within the industry with approximately US$1,439bn invested in the US alone2. However, many do not have the infrastructure, expertise or resources to build their own products. CANVAS provides an easy and efficient way for them to launch ETFs, relying on ETF Securities’ years of expertise and infrastructure. To date we have already received strong interest from asset managers in Europe, the US and China.”
There has been a tenfold increase in ETF assets over the last decade3. ETF Securities expects the market to continue to grow more than 50% over the next 2 years as investors become more aware of the cost advantages4, transparency5 and ease of use that ETFs offer over many other traditional financial vehicles. Institutional and retail investors are increasingly using ETFs to gain regional exposure to developed and emerging markets as well as to access specific asset classes. Widening and deepening distribution channels across market segments and regions, and increasing market awareness of ETFs, are expected to further drive demand for these investment products.
Graham Tuckwell adds: “As we are in constant contact with our investor base, we are able to respond quickly to their needs. The launch of CANVAS is one of a number of new initiatives we are working on that will expand our business into some new and exciting areas.”
CANVAS is a service that offers its expertise to provide a comprehensive choice of ETF-based solutions to passive and active asset managers. Its open architecture model supports a broad range of services from the development to the full management of an ETF, with a focus on speed to market as well as capital and resource efficiency.
ETF Securities will continue to provide its own existing range of UCITS ETFs to investors, which will be serviced by the CANVAS team. For more information on CANVAS, please visit www.etfcanvas.com
Notes to Editors
CANVAS is an innovative service that provides white-labelled ETFs to the asset management industry. Launched in 2013, the service offers multiple options including the ability to:
- Build ETFs
- Set up a bespoke ETF platform
- Convert existing UCITS funds into ETFs
- Add an ETF share class into a UCITS fund
CANVAS offers a number of services for each of these solutions ranging from the development to the full management of the asset manager’s ETF.
The platform supports physical and synthetic replication, thereby giving asset managers the choice of replication for their ETF (e.g. physical for underlying exposures which are efficient to replicate physically and synthetic for underlying exposures that have limited or restricted access).
CANVAS is fully supported by the experience and infrastructure of the ETF Securities group in providing asset managers with this service.
About ETF Securities
ETF Securities is one of the world’s leading, independent exchange-traded product providers and a pioneer in commodities*. Our work in this asset class is complemented by a range of other alternative investment solutions including currencies and thematic equities. We are dedicated to developing liquid, transparent investment products that can be traded on world stock exchanges.
ETF Securities has a strong history of product innovation and this remains a key tenet of our guiding philosophy. The company’s management team listed the world’s first gold exchange-traded commodity in 2003, and many other market-leading investment solutions have since followed. Today ETF Securities offers what we believe to be the world’s most comprehensive range of exchange-traded commodities and as at 31 August 2013 was responsible for US$21.9 billion in global investor assets.
*ETF Securities listed the world’s first gold exchange-traded commodity in 2003
To learn more about ETF Securities go to: www.etfsecurities.com
Graham Tuckwell is a representative of ALPS Distributors, Inc.
Risks and Important Considerations
The value of the Shares relates directly to the value of platinum held by the Trusts and fluctuations in the price of gold, silver, platinum and palladium could materially adversely affect an investment in the Shares. Several factors may affect the price of gold, silver, platinum and palladium including: A change in economic conditions, such as a recession, can adversely affect the price of platinum. Gold, silver, platinum, and palladium are used in a wide range of industrial applications, and an economic downturn could have a negative impact on its demand and, consequently, its price and the price of the Shares; 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. Should there be an increase in the level of hedge activity of bullion producing companies, it could cause a decline in world prices, adversely affecting the price of the Shares. Also, should the speculative community take a negative view towards bullion, it could cause a decline in world gold, silver, platinum and palladium prices, negatively impacting the price of the Shares. There is a risk that part or all of the Trusts' gold, silver, platinum, and palladium could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metals held by the Trusts could result in a loss to the Trusts. Investments in the trust does not constitute a direct investment in the underlying metal.
Commodities generally are volatile and are not suitable for all investors. Trusts focusing on a single commodity generally experience greater volatility. Since there is no limit on the amount of gold, silver, platinum, and palladium that the Trusts may acquire, the Trusts, as they grow, may have an impact on the supply and demand of gold, silver, platinum, and palladium. Please refer to the prospectuses for complete information regarding all risks associated with the Trusts. Shares in the Trusts are not FDIC insured, may lose value, and have no bank guarantee.
This material must be accompanied or preceded by a prospectus. Please read the prospectus carefully before investing. Click here to review the prospectus.
ALPS Distributors, Inc. is the marketing agent for the ETFS Silver Trust, ETFS Gold Trust, ETFS Platinum Trust, ETFS Palladium Trust, ETFS Precious Metals Basket Trust, and ETFS White Metals Basket Trust ("the Trusts"). ETF Securities Ltd. or its affiliates are not affiliated with ALPS Distributors, Inc. Certain marketing services may be provided for the Trusts by ETF Securities (US) LLC. ALPS Distributors, Inc. and ETF Securities (US) LLC do not provide any services for the European product, ETFS Physical Platinum.
Although Shares of the Trusts may be bought and sold on the exchange through any brokerage account, they are not individually redeemable directly from the Trusts. Investors may acquire Shares and tender them for redemption through the Trusts in Basket aggregation only. Please see the prospectus for more details.
This press release contains "forward-looking statements" with respect to results of operations, plans, objectives, future performance and business. Statements preceded by, followed by or that include words such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", or similar expressions are intended to identify some of the forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are included, along with the statement, for purposes of complying with the safe harbor provisions of that Act. All statements (other than statements of historical fact) included in this press release that address activities, events or developments that will or may occurring the future, including such matters as changes in commodity prices and market conditions (for platinum and the Shares), the Trusts operations, the Sponsors plans and references to the Trusts future success and other similar matters are forward looking statements. These statements are only predictions. Actual events or results may differ materially.
The Funds 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.
Past performance is no guarantee of future results.
Exp date: 12.31.2014
1 An ETF manufactured and packaged by ETF Securities that is labelled under varying brand names
2 ETFGI LLP (July 2013)
3 ETFGI LLP (January 2013)
4 Please note that ordinary brokerage fees still apply
5 Unlike other investment vehicles, ETF constituents are published on a daily basis - this transparency makes it easier for the investor to see exactly what they own.