London (Platts)--28Nov2012/527 pm EST/2227 GMT
ETF Securities (HK) Ltd, a subsidiary of ETF Securities, launched three new exchange traded funds, listed in Hong Kong, designed to provide Asian investors with exposure to precious metals Wednesday. "The new ETFs are ETFS Physical Gold ETF, ETFS Physical Silver ETF and ETFS Physical Platinum ETF -- primarily backed by physical metals held in secure vaults have been listed on The Stock Exchange of Hong Kong," ETF said in a statement. "The Hong Kong ETF market is expanding rapidly as awareness and understanding of these products continues to grow," said Fred Jheon, managing director and head of Asia Pacific for ETF Securities (HK). "Yet we believe that the commodities sector is currently under-represented." --Ben Kilbey, ben_kilbey@platts.com--Edited by Richard Rubin, richard_rubin@platts.com