Physical Silver (ETPMAG) – Global X ETFs Australia

ETPMAG


Physical Silver

Reasons to Consider ETPMAG

Targeted Exposure

ETPMAG is backed by physical silver. Each physical bar is segregated, individually identified and allocated.

Appeal of Silver

Historically, investors have turned to silver as a potential store of value. It also has a range of industrial uses, particularly in electronics.

Simplified Access

In a single trade, ETPMAG delivers low-cost access to physical silver via the stock exchange and avoids the need for investors to personally store the bullion.

Product Information As of 20 Jun 2024

Inception Date 2 Jan 2009
Management Costs (% p.a.) 0.49
Currency Hedged No
Domicile Australia
Legal Form Redeemable preference share with an entitlement to metal
SMSF Eligible Yes
Vault Location London, UK

Metal Entitlement As of 20 Jun 2024

Metal Entitlement File View

NAV Information As of 20 Jun 2024

NAV/Unit (A$) 42.03479130
iNAV 42.3751
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 7,986,689
AUM (A$) 335,718,805.60
NAV History File View

Product Summary

Global X Physical Silver (ETPMAG) offers a low-cost and secure way to access physical silver via the stock exchange and avoids the need for investors to personally store their own bullion.

Product Objective

Global X Physical Silver (ETPMAG) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Silver Price in Australian Dollars.

Trading Details

Ticker ETPMAG
Bloomberg Code ETPMAG AU Equity
ISIN AU000ETPMAG8
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Metal Securities Australia Limited
Custodian JPMorgan Chase Bank, N.A.
Registrar Computershare Investor Services Pty Limited
Trustee Gold Bullion Nominees

Distributions

Distribution Frequency None

Performance Table As of 20 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -4.82% -4.78% -0.04% 0.14%
3 Months 18.98% 19.13% -0.15% 0.14%
1 Year 28.45% 29.09% -0.63% 0.61%
3 Year p.a. 8.20% 8.73% -0.53% 0.36%
5 Year p.a. 14.82% 15.39% -0.56% 0.28%
10 Year p.a. 6.99% 7.51% -0.53% 0.23%
Since Inception p.a. 6.57% 7.10% -0.52% 0.19%

Research

FAQs

  • Where is the metal stored?

    The physical silver bullion for ETPMAG is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice yearly by the auditor Inspectorate. All audit reports are made available in the resources section below. Each silver bar in the vault is itemised in a bar-list which is also available in the resources section below.
  • How is the management fee paid?

    Each ETPMAG unit comes with an entitlement to an amount of physical bullion. This amount was 0.942759061 fine troy ounces as at 1 January 2021. The entitlement is reduced daily by a management fee of 0.49% per annum.
  • How do I redeem units for the physical metal?

    To redeem for physical silver, an investor needs to:

    1. Complete and send a redemption form.
    2. Open an unallocated bullion account with an authorised bullion dealer.
    3. Pay a redemption fee of $1,000 for each redemption.

    Depending on the quantity of the order, investors may find that selling units in the secondary market is a more cost-efficient option, especially for small quantities.
  • How can you use ETPMAG in a portfolio?

    Like gold, silver tends to perform well during periods of equity market volatility. Silver can therefore be used to enhance a portfolio’s risk/return characteristics through diversification. Silver can be viewed as an alternative asset.

    Silver has been used as a store of value, and because it is independent of any fiat currency it can be used as an inflation hedge.

    Silver can offer a growth exposure in relation to industrial demand in the areas of battery storage and medical devices, among other industries.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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