Diamond – The PureFunds ISE Diamond/Gemstone ETF (ARCA:GEMS) announced that it has made the first Russian equity allocation to any PureFunds ETF by adding Russia's ALROSA (MCX:ALNU) to its current holdings.
Articles Tagged "PureFunds"
Diamond – In an interview with Kitco News, Paul Zimnisky, CEO of PureFunds, said that he doesn't see physically backed diamond investment vehicles becoming a reality any time in the near future. The main reason behind his thinking is that "diamonds lack fungibility."
Diamond – GemShares and the NASDAQ OMX Group are developing the GemShares Global Investment Grade Standard Diamond Basket Index in the hope of providing "a standardized pricing mechanism for valuing a diamond basket." In the long run, they hope it can be used to develop financial products like a diamond-backed ETF.
Diamond – Bloomberg reported that one exchange-traded fund (ETF) waiting for approval from the Securities and Exchange Commission (SEC) is the IndexIQ Physical Diamond Trust, a unique fund that would store diamonds in a small Antwerp-based vault.
Diamond – Diamond Investing News spoke with Paul Zimnisky, CEO of PureFunds, about his company's unique, recently launched diamond and gemstone ETF.
The PureFunds ISE Mining Service ETF was launched at the end of November 2012, but it already looks to be a strong investment.
Diamond – ETF Daily News reported that PureFunds has filed plans with the Securities and Exchange Commission (SEC) to launch the first exchange-traded fund to exclusively track companies involved in the diamond/gemstone industry. The ETF is expected to begin trading on the NYSE Arca in the fourth quarter of this year.