ETF Securities has revealed that the amount of platinum it is holding in reserve has fallen by 30 per cent.

It holds back a certain amount of platinum to guarantee its Platinum PHPT.L exchange-traded commodity fund, but this has dropped by nearly one third in the week leading up to August 17th, Reuters reports.

A total of 218,165 oz of platinum now back the fund, but this is its lowest since February 5th and it is 46 per cent below the all-time high of 407,000 oz.

Meanwhile, the Physical Palladium ETC PHPD.L saw an outflow of ten per cent - just over 25,000 oz.

Nik Bienkowski, Chief Operating Officer, recently said that ETCs have been designed to be efficient, liquid and accessible.

"ETCs are listed on five major European exchanges, trade in three currencies and have the largest pool of market makers and Authorised Participants than any other comparable product," he explained.



Source:

ETF Securities Physical Platinum ETC holdings down 30 pct, 18/08/08
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLI950320080818

Exchange Traded Commodities shatter trading volume records again, 13/08/08
http://www.etfsecurities.com/en/news/etfs_news_080813.asp