|Bid||139.68 x 1100|
|Ask||140.48 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.32|
|Expense Ratio (net)||0.60%|
Gold exchange traded funds are commanding the headlines, but the Aberdeen Standard Phys PalladiumShrs ETF (PALL) is this year's star among precious metals ETFs as highlighted by a year-to-date gain of 26%. Some market observers believe palladium demand will be steady over the next several, potentially underpinning higher prices for PALL. Palladium is key component used by the car industry in catalytic converters fitted in petrol-powered vehicles to diminish harmful greenhouse gas emissions.
As is usually the case when discussing precious metals, gold and the related exchange traded funds are dominating the conversation this year. While gold and the related ETFs are deserving of the accolades, the real winners in the precious metals space this year are palladium and the Aberdeen Standard Physical Palladium Shares ETF (NYSE: PALL).
With a slew of gold-backed exchange traded funds recently hitting 52-week highs, it is easy for commodities investors to narrowly focus on the yellow metal. Palladium and the Aberdeen Standard Physical Palladium Shares ETF (PALL) confirm investors should pay some attention to other precious metals. All PALL has done this month is surge 14.47%, topping the largest gold-backed ETF by nearly 400 basis points.
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Although it stumbled early in the second quarter, the Aberdeen Standard Phys PalladiumShrs ETF (PALL) remains higher by nearly 11% this year after ranking as one of 2018's best-performing commodities exchange traded funds. Some market observers believe palladium demand will be steady over the next several, potentially underpinning higher prices for PALL. Palladium is key component used by the car industry in catalytic converters fitted in petrol-powered vehicles to diminish harmful greenhouse gas emissions.
Banks will highlight first-quarter earnings for 2019 on Friday, which could give precious metals a jolt of gains if the weak guidance expected by a number of corporations translates to a move to safe-haven assets. Of course, the strength of precious metals will be tied to the Fed and their interest rate policy in correlation with the dollar. Increased dovishness by the central bank could continue to feed into safe-haven asset like precious metals.
As investors consider potential risks ahead, many are looking to ETF strategies that cover alternative assets like precious metals and commodities to help diversify a traditional stock and bond portfolio mix.
A strong U.S. dollar on Thursday caused precious metals to fall as seen in exchange-traded funds (ETFs) like the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) . Gold prices reached a three-week low and silver touched down to a three-month low as the dollar rose to a multi-month high. Another precious metal, palladium, fell 16 percent from the previous week's highs.
Palladium has been staging record highs for the better part of the last seven months, outstripping even the most bullish forecasts made during 2018 as a supply squeeze inflated the metal’s price.
The iShares MSCI South Africa ETF (NYSE: EZA), the largest exchange traded fund dedicated to stocks in Africa's largest economy, is up about 6 percent this year. To be precise, EZA is up 6.05 percent year to date, but the South Africa ETF is trailing the MSCI Emerging Markets Index, of which South Africa is 5.95 percent, by more than 300 basis points. South Africa is the world's largest producer of platinum and the second-largest palladium-producing country.
Palladium prices skyrocketed to new record levels as strike jitters in South Africa added to a tense market engulfed by a sustained supply deficit.
Palladium prices and precious metals-related ETFs pushed toward new heights as the threat of strikes in South Africa tightens the supply outlook for the metal. On Monday, the Aberdeen Standard Physical ...
The ETF PALL tracks the precious metal Palladium. The metal broke through the $1,500/ounce milestone for the first time ever yesterday. This amid a supply shortage of Palladium. Yahoo Finance's Jackie DeAngelis and ETF.com managing director Dave Nadig discuss.