New ETC from The Royal Mint via HANetf: Access to the gold market with currency hedging
New ETC from The Royal Mint via HANetf: Access to the gold market with currency hedging
Since today, the second Exchange Traded Commodity (ETC) from The Royal Mint, the mint of the United Kingdom, has been tradable via HANetf's white-label platform on Xetra and Börse Frankfurt.
The Royal Mint Responsibly Sourced Physical EUR Hedged Gold ETC Securities provides investors with easy and cost-efficient access to the gold market by replicating the spot price of physical gold. In addition, the product includes EURO currency hedging to reduce the risk of exchange rate fluctuations between the EURO and US dollar. Physical gold is usually traded in US dollars.
The exchange-traded commodity is a bond. It allows investors to benefit from the price development of gold without having to own physical gold. The product is fully collateralised; the gold is certified by the London Bullion Market Association (LBMA) and stored at the Royal Mint. Investors can have the value paid out in cash or gold.
Name | Asset class | ISIN | Ongoing charges | Reference price |
The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC Securities | ETC | 0.35 per cent | LBMA Gold price |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,239 ETFs, 196 ETCs und 243 ETNs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.