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

By
Devon Layne
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 DAILY DATA

iShares' 'Core' funds 'IEFA' and 'IEMG' hauled in major money on Wednesday, Feb. 25, as total U.S.-listed ETF assets reached $2,096 trillion.

Big inflows into the 'Core' fund 'IEFA' and 'IEMG' fueled the firm's issuer-leading inflows on Wednesday, Feb. 25, as total U.S.-listed ETF assets reached $2.096 trillion.

ETF.COM ANALYST BLOGS

By Elisabeth Kashner

Virtu’s mind-bending way to play oil market volatility is a fascinating glimpse into the world of ultra-sophisticated investors.

By Dave Nadig

A reader asks: What happens to ETFs when the market goes nuts?

By Dennis Hudachek

In the growing world of currency-hedged ETFs, Germany strategies are getting short shrift.

By Elisabeth Kashner

A look at ETF.com's powerful revamping of its classification of U.S. total market ETFs.