UBS ETF (CH) Platinum (USD) A-dis

UBS ETF (CH) Platinum (USD) A-dis is an exchange-traded fund that provides investors with direct exposure to the platinum market through physical replication. It holds standard platinum bars, each weighing between 1 and 6 kilograms and meeting the 'good delivery' quality standards set by the London Platinum and Palladium Market Association (LPPM), stored securely in a high-security vault in Switzerland. The fund's primary objective is to track the performance of the LPPM Platinum Price index in US dollars, reflecting the platinum spot price after deducting its total expense ratio of 0.35% per annum. Passively managed and domiciled in Switzerland since its inception on September 6, 2010, it features an annual distribution policy, making payouts typically in September, and remains unhedged against currency risk with USD as its fund currency. Platinum, a key precious and industrial metal, plays a vital role in sectors such as automotive (catalytic converters), jewelry, and chemical processing, where its scarcity and demand dynamics influence global commodity markets. This ETF offers a transparent, liquid, and cost-efficient vehicle for accessing these price movements, with the added feature of physical redemption rights, emphasizing its significance in diversified commodity portfolios.