Sep. 8, 2010 (Business Wire) -- As part of aggressive US business expansion plans and continued growth in the US physically backed precious metal suite of products (SGOL, SIVR, PPLT & PALL), ETFS Marketing LLC, has appointed Patrick Carter to the US Sales team.
Patrick will focus on expanding the firm's distribution capabilities in California and West Coast markets. His primary responsibilities will be focused on institutional clients and national accounts. Patrick Carter has over 20 years experience in the financial services industry. His broad background includes a variety of roles spanning both the institutional and wealth management markets. Most recently, Patrick was with Dimensional Fund Advisors where he led efforts to grow assets under management in the qualified retirement plan area by developing business sources in the consultant and Registered Investment Advisors (RIA's) channels. Patrick also spent 13 years with Merrill Lynch promoting various products through internal Merrill Lynch broker channels as well as directly to institutional investors.
Commenting on the appointment, William Rhind, Head of Sales & Marketing, ETFS Marketing LLC:
"We are delighted to announce the appointment of Patrick Carter to the firm. Patrick’s experience and knowledge of the California markets is invaluable and will help enhance the firm's West Coast franchise in the Exchange Traded Fund and commodity space".
William Rhind and Patrick Carter are registered representatives of ALPS Distributors, Inc.
For more information please contact the US marketing agent, ETFS Marketing on 212-918-4954 or visit our website: www.etfsecurities.com
The ETFS Gold Trust, ETFS Silver Trust, ETFS Palladium Trust and ETFS Platinum Trust are not investment companies registered under the Investment Company Act of 1940 or commodity pools for purposes of the Commodity Exchange Act. Shares of the Trusts are not subject to the same regulatory requirements as mutual funds. These investments are not suitable for all investors. Please read the prospectus carefully before investing.
Risks and Important Considerations
The value of the Shares relates directly to the value of the gold, silver, palladium and platinum held by the Trusts and fluctuations in the price of gold, silver, palladium and platinum could materially adversely affect an investment in the Shares. Several factors may affect the price of gold, silver, palladium and platinum, including: A change in economic conditions, such as a recession, can adversely affect the price of gold, silver, palladium and platinum. Gold, silver, palladium and platinum 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, palladium and platinum prices, negatively impacting the price of the Shares. There is a risk that part or all of the Trust's gold, silver, palladium and platinum could be lost, damaged or stolen. Failure by the Custodian or Sub-Custodian to exercise due care in the safekeeping of the precious metal held by the Trusts could result in a loss to the Trusts. Investments in the trusts do not constitute a direct investment in the underlying metals.
The Trusts are new and have limited operating history. 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 platinum and palladium that the Trust may acquire, the Trust, as it grows, may have an impact on the supply and demand of platinum and palladium. Please refer to the prospectus 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 ETFS Gold Trust, ETFS Silver Trust, ETFS Platinum Trust and ETFS Palladium Trust. ETF Securities Ltd. or its affiliates is not affiliated with ALPS Distributors, Inc. Certain marketing services may be provided for ETFS Gold Trust, ETFS Silver Trust, ETFS Platinum Trust and ETFS Palladium Trust by ETFS Marketing LLC.
Although Shares of the Trust may be bought and sold on the exchange through any brokerage account, they are not individually redeemable directly from the Trust. Investors may acquire Shares and tender them for redemption through the Trust 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 Gold, Silver, Platinum and Palladium 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.
ETF000255 12/31/10
Intermarket Communications
Stephanie DiIorio, 212-754-5181
sdiiorio@intermarket.com
or
ETF
Securities
Helen Burden, +44 20 7448 4336
helen.burden@etfsecurities.com
or
All
Other US Inquiries:
info@etfsecurities.com
ETFS
Marketing LLC
48 Wall Street, 11th Floor
New York City, NY
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