Alt Investments
Taurus Builds Australian Investment On Gold And Precious Metals

As part of a deal to expand use of its products in Australia,
ETF Securities has partnered with
Taurus Funds Management, a specialist resources funds
manager, to help increase the latter's exposure to gold and other
precious metals through its exchange traded commodity
products.
Under the agreement, Taurus will invest a sizeable sum into ETFS
ETC products, with the possibility for further inflows as the
fund expands, ETFS said in a statement. How large the investment
would be was not disclosed. Taurus specialises in managing gold,
precious metals, and other natural resources.
"We've been extremely impressed with the ETFS product as a cost
effective and convenient mechanism through which to gain exposure
to physically-backed gold and other precious metals through a
single provider and platform," said
Mohendra Moodley, the director at Taurus.
The platform allows Taurus to trade with minimal fuss and gives
the firm the ability to change its strategy and allocation
between the different precious metals in a simple manner, the
statement noted.
ETFS believes this is just the first of many possibly similar
partnerships in the Australian market.
"Large investors are looking for efficient and flexible access to
the commodities market and ETCs allow investors access to
liquidity and quick trades with minimal cost. We expect more
investors to look to ETCs as the market becomes better acquainted
with the product,"
Nigel Phelan, the head of sales in Australia and New Zealand
at ETFS, said.