A new exchange traded fund that provides exposure to a basket of precious metals was recently launched by ETF Securities.

The ETFS Precious Metals Basket ETF (GLTR) is the first US-Based product to offer gold, silver, platinum and palladium under a single ticker.

The objective of GLTR is to reflect the performance of the price of Gold, Silver, Platinum and Palladium, less the Trust’s expenses. The Trust is open ended and is designed for investors who want a cost-effective and convenient way to invest in all four precious metals as well as diversify their precious metal holdings. The product has an gross expense ratio of 0.60% per annum.

The shares represent beneficial interest in the Trust, which holds physical allocated gold, silver, platinum and palladium bullion held in vaults by the Custodian (JP Morgan Chase Bank). All physical bullion held with JP Morgan Chase Bank conforms to the London Bullion Market Association’s (LBMA) and London Platinum and Palladium Market Association’s (LPPM) rules for Good Delivery. Gold and Silver will be held in London and Platinum and Palladium will be held in London or Zurich.

ETF Securities expects GLTR to appeal to those investors looking for a “one size fits all” ETP for their precious metal exposure.