Global Palladium Fund surpasses $100m AUM

Credits a rise in environmentalism for its growth

Global Palladium Fund (GPF) has reached $109m in assets under management in its physical metal exchange-traded commodities (ETCs).

GPF said that it has seen "particularly strong flows" into its physically-backed copper, nickel, and carbon neutral nickel ETCs, as well as its gold ETC which is Europe's cheapest, with a 0.12% management fee. GPF partially credits a rise in environmentalism for its growth, as copper is used extensively in green energy, while nickel is a key material in electric vehicle batteries. The ETC provider also noted that its copper and nickel ETCs are the only physically-backed ETCs for both metals available to investors today. It said that it views investors as increasingly valuing a hard-as...