London, 9 June 2010
ETF Securities issues its weekly performance report for the week ending 4th June on its three platforms (ETFs, commodities, and currencies). Highlights include:
ETF Securities' ETF platform
• The ETFX DAXglobal Alternative Energy Fund (ALTE) was up 2% in the week ending 4th June. The BP crisis has also raised concerns about the outlook for a number of traditional fossil fuel providers and increased the appeal of the alternatives sector, helping to support prices of key non-traditional energy suppliers.
• The ETFX DAXglobal Gold Mining Fund (AUCO) has been the best performing ETF in Q2 2010 with triple the returns of the next best performing fund on the ETFX platform. Gold miners have also been one of the most consistent equity ETF performers over the past year, returning 17% over the period. Gold miners' margins have been expanding on a strong dollar and rising gold price. Despite its recent outperformance, the DAXglobal Gold Mining Index is still trading at an 18% discount to the gold price based on its average since the index's inception in September 2001. With sovereign concerns driving a structural shift of private investor as well as central bank flows into gold as an alternative store of value, demand for gold is expected to remain strong for some time.
Ends --





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