Investors can buy a basket of precious metals with one exchange traded fund rather than choosing individual metals such as gold, silver, platinum and palladium.

ETFS Physical Precious Metal Basket Shares (NYSEArca: GLTR) is up about 10% in 2011.

The ETF is designed for investors looking for one security that provides cost-effective precious metals exposure in a physically-backed fund, says ETF Securities, the sponsor. [A Quintet of Top Gold ETFs]

European debt worries and gold’s rally back above $1,700 have brought the focus back to precious metals after the September pullback.

Metals bulls say another financial massive bailout in Europe would lead to further monetary expansion and currency debasement.

The precious metal basket ETF owns a mix of gold, silver, platinum and palladium, in a fixed 25% position for each metal. Silver has been the best performer in the basket over the past month.