Source lists precious metal ETCs

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Exchange-traded product issuer Source has launched three physical precious metal ETCs on the London Stock Exchange.

The three products provide exposure to the price of silver, platinum and palladium, joining the issuer's existing gold ETC in its precious metals line-up. The launch comes a week after iShares unveiled its inaugural ETC range, offering exposure to silver, platinum and gold. Source's P-ETCs are notes that are backed by the respective precious metals, with annual fixed fees of 0.39%. Source CEO Ted Hood said: "Investors look to precious metals as both an investment opportunity and a safe haven. "The concept of a physical holding - and the ability to access it in times of crisis - ...

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