ETF Securities confirmed yesterday (23rd November) that it saw record inflows into its platinum and palladium exchange-traded commodities last week, Reuters reports.

The company announced that holdings of its ETFS Physical Platinum product stood at 422,762 oz on 20th November, compared to 421,929 oz on the previous day.

In addition, the ETFS Physical Palladium exchange-traded commodity increased to 598,293 oz worth of bullion holdings from the earlier figure of 590,759 oz.

Meanwhile, Zurich Cantonal Bank enjoyed a similarly successful week with its platinum and palladium-backed products.

The ZBK Physical Platinum commodity rose by 4.2 per cent (or nearly 9,500 oz) to 231,710 oz, while the ZBK Physical Palladium product grew by 3.2 per cent (over 15,600 oz) to 507, 673 oz.

ETF Securities and Zurich Cantonal also saw their silver-backed exchange-traded commodities increase by 99,000 oz and 1.089 million ounces respectively last week.

However, both their gold holdings declined over the same period, with the latter seeing outflows of almost 35,000 oz from its ZKB Physical Gold product.

In 2003, ETF Securities and the World Gold Council launched the world's first exchange-traded commodity, known as Gold Bullion Securities, in Australia.

Sources:

ETF Securities platinum, palladium ETCs hit record (23/11/09)

Zurich Cantonal gold ETF holdings dip 35,000 oz (23/11/09)

The progress of platinum group metal exchange traded funds (ETFs)

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