ETF Securities hits $2bn AUM mark on back of commodity boom

ETF Securities has pushed through the $2bn mark for assets under management (AUM), following massive growth of its exchange traded commodities. The provider has recorded an increase of 680% in 2007 alone, rising from $250m AUM at the end of 2006.

The company has now launched 50 exchange-traded commodities (ETCs) across five different European exchanges, and is attributing growth to their “popularity and performance".

"The speed at which our AUM are growing says a lot about investor’s appetite for simple access to commodities,” says Graham Tuckwell, chairman of ETF Securities. “There has been a surge in global demand for natural resources and this has acted as a catalyst for our expansion,” he adds, estimating current growth at $60m a week