PALL “may be the purest play on palladium given that its price is based directly on the price of physical palladium according to the London Platinum and Palladium Market (LPPM). The fund has performed relatively well in 2016, responding to the general flight to quality that has seen investors moving out of riskier assets and into traditional safe havens such as precious metals and Treasuries,” according to Investopedia.
Related: Why Investors Shouldn’t Overlook Platinum ETFs
The ETFS Physical Precious Metals Basket Shares (NYSEArca: GLTR) is an ETF to consider for investors looking for diversified precious metals exposure with the convenience of a single ETF. GLTR provides exposure to gold, palladium, platinum and silver. GLTR works in similar fashion to the aforementioned PALL.
“The fund invests in physical bullion of each of the metals and stores them in a secure London facility. The fund has more than $213 million in assets under management (AUM) and charges an annual expense ratio of 0.6%,” adds Investopedia.
Tom Lydon’s clients own shares of GLTR.