ETVs are simple and transparent open-ended securities which trade on regulated exchanges. ETVs enable investors to gain exposure to assets without trading futures or taking physical delivery. ETFS-branded ETVs are secured, undated, zero coupon notes that are designed to accurately track the underlying asset index or individual asset.
ETVs are similar to ETFs because they are both open-ended, continuously traded and have multiple market makers. The main difference is that ETVs use a secured, undated, zero coupon note structure, whereas ETFs typically use a fund structure.
ETVs are open-ended, therefore new ETVs can be created by Authorised Participants according to demand. Therefore, the liquidity of ETVs reflects the liquidity of the underlying assets futures markets
No, although your broker or financial advisor will also charge you normal transactions costs (commissions) associated with the purchase or sale of ETVs.
