Diamond ETF GEMS Hits The Market

FactorShares, an ETF provider that was recently acquired by GenCap Ventures, has debuted the first ever ETF to focus on diamonds and gemstones. The PureFunds ISE Diamond/Gemstone ETF (GEMS) invests in a handful of firms that produce and sell diamonds/gemstones, making this fund one of a kind. The GEMS fund has been in the works for some time now, as several issuers were jockeying to release the first Diamond fund, but FactorShares beat everyone to the punch [for more diamond news and analysis subscribe to our free newsletter ]. See the full story here → Related Posts: 3 Metals Outshining Gold China Market Welcomes Gold ETFs Physical Copper ETFs? Not So Fast Big Money Betting On Commodity Bear Market Under the Hood: How GLD Works