Why You Don’t Need Both The Palladium And Platinum ETFs

By
November 30, 2012
Share:

Investments in precious metals are growing more popular as investors seek to protect against volatile markets and a weakening dollar, but investors may not need exposure to both palladium and platinum ETFs, as their movements share a similar correlation to economic growth, according to an article on Zacks.

Both metals have continued to attract attention throughout the year, but unlike gold and silver, these two precious metals are subject to industrial needs more so than investing demand, writes Eric Dutram, contributor to the Zacks article.

Still, their short- and long-term movements do vary. For investors interested in short-term gains, the ETFS Physical Palladium Shares (NYSEArca: PALL) is probably best, while the ETFS Physical Platinum Shares (NYSEArca: PPLT) might be better suited for those focused on the long term, according to Zacks.

Visit Zacks.com to read more on the topic at hand.

 

ETF.COM CHANNELS

Learn why commodity ETFs are an essential part of a diversified portfolio with our Commodity ETFs channel.

Learn why bond ETFs are an essential part of a diversified portfolio with our bond ETF channel.

ETF DAILY DATA

Though markets were flat, 'SPY' garnered significant inflows on Wednesday, Feb. 10.

'SPY' paced inflows for SSgA on Wednesday, Feb. 10.

ETF.COM ANALYST BLOGS

By Dave Nadig

For all the hype, here’s an example of an ETF working just as it should.

By Matt Hougan

Here's why you should attend the largest ETF conference in the world next month.

By Dave Nadig

Barclays built in a premium to this exchange-traded note, so back away.

By Sumit Roy

Why this probably isn't the start of a bear market.

ETF INDUSTRY PERSPECTIVE

By Jane Leung

A new way to hedge for currency risk in your international investments.

By Heidi Richardson

Opportunities in Germany and the eurozone.

By Shirish Malekar

How to protect your portfolio with liquid alts.