27
August
Barclays has no plans to scale back metals ETPs
27 August 2009 Reuters
Barclays Global Investors (BGI) said on Wednesday it has no plans to scale back its iShares precious metals exchange-traded products (ETPs) despite worries that U.S. regulators may impose new position limits on commodity futures.
A principal at Barclays Global Investors said that the precious metals trusts would not be affected by limits on futures trading because they own physical gold and silver bullion held by a custodian on behalf of the trusts.
http://www.reuters.com/article/marketsNews/idAFN2660926420090826?rpc=44
