New Amundi ETC on Xetra: Commodity investment in physical gold
New Amundi ETC on Xetra: Commodity investment in physical gold
Since Tuesday a new Exchange Traded Commodity (ETC) of Amundi is tradable via Xetra and Börse Frankfurt.
The ETC gives investors the opportunity to participate in the performance of gold. The price development is based on the spot gold price of the London Metal Exchange (LME) less accruing fees. The Amundi Physical Gold ETC is a debt security; the securitised gold is deposited. Holders of this security are entitled to receive the value in cash or gold.
Name | Asset class | ISIN | Ongoing charges | Reference index |
AMUNDI PHYSICAL GOLD ETC | ETC | FR0013416716 | 0.19 per cent | LBMA Gold Price PM |
The product range in Deutsche Börse's XTF segment currently comprises a total of 1,456 ETFs, 232 ETCs and 130 ETNs. With this selection and an average monthly trading volume of around EUR 11 billion, Xetra is the leading trading platform for ETFs in Europe.