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

By
Devon Layne
November 30, 2012
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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

The small-cap fund 'IWM' added money on Thursday, Jan. 22, as net inflows and markets stoked higher by eurozone QE news lifted total U.S.-listed ETF assets above $2 trillion.

A slew of iShares funds, including the eurozone-focused 'EZU,' paced the firm's issuer-leading inflows on Thursday, Jan. 22. The ECB's announcement about aggressive QE in the eurozone stoked markets and lifted total U.S.-listed ETF assets to more than $2 trillion.

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