WisdomTree Physical Palladium (PHPD.L)

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The WisdomTree Physical Palladium is a UCITS-eligible Exchange Traded Commodity (ETC) structured to provide investors with straightforward, economical, and secure exposure to physical palladium. It aims to deliver returns that track the movements of the physical palladium spot price, offset by its management fee. The ETC's value is underpinned by physical, allocated palladium, safely entrusted to HSBC Bank plc, which serves as the custodian. HSBC Bank plc will only accept palladium metal that strictly adheres to the London Platinum and Palladium Association's (LPPM) 'Good Delivery' criteria. Each individual palladium bar backing the ETC is kept separate, uniquely identified, and specifically allocated. Consequently, if the physical palladium price increases by 1% over a day, the ETC's value will typically rise by 1% (before fees); conversely, a 1% daily decrease in palladium's price would result in a corresponding 1% fall in the ETC's value (excluding charges).