Over the course of April and May, an inflow of more than half a million ounces of platinum poured into exchange-traded fund (ETF) holdings in the UK, the biggest since South Africa’s ETF initial public offering (IPO) on the Johannesburg Stock Exchange nearly a quarter century ago. “The more than half a million ounce inflow we saw into the UK ETFs is the biggest ever addition into any of the regional ETFs, with the exception of when, for example, the South African ETF was first set up.
