Palladium ETF Tops $1B In AUM

The ETF Physical Palladium Shares PALL, the first ETF backed by physical palladium to be listed in the U.S., has crossed $1 billion in assets under management, according to ETF Securities, the fund's issuer. PALL is the second ETF issued by ETF Securities to top the illustrious $1 billion AUM. The first was the ETFS Physical Gold Shares SGOL. PALL is backed by Palladium allocated bullion in plate and ingot form stored in secure vaults in London and Switzerland by JPMorgan Chase, the ETF's custodian. ETF Securites sponsors seven ETFs listed in the U.S. that have a combined $3.8 billion AUM as of Feb. 16, the firm said in a statement.