- Custody of gold held at The Royal Mint’s highly-secure, purpose-built vault in Wales
- RMAU was the first Gold ETC to be backed 100% by fully audited post 2019 LBMA Responsibly Sourced gold bars
London, January 2022
The Royal Mint Physical Gold ETC (RMAU) will list on the EURONEXT exchange on the 19th January. The ETC is designed to offer investors an effective way to access the gold market as it tracks the physical price of gold.
RMAU first listed on the London Stock Exchange in February 2020, and is also listed on XETRA and Borsa Italiana. RMAU is the first listed financial product to be backed by The Royal Mint – the world’s largest export mint and home of gold in the UK.
The Royal Mint has partnered with white label specialist, ETF issuer, HANetf to issue, manage and distribute the RMAU ETC. The founders of HANetf have extensive knowledge of gold investment products and were co-founders and owners of the first company that invented gold exchange traded funds (ETFs) and other commodity ETFs.
The Royal Mint makes coins and precious metals investment products for the UK and internationally. It is one of the oldest companies in the world, with over 1,100 years’ experience of designing and making precious metals.
100% backed by London Bullion Market Association (LBMA) post 2019 Responsibly Sourced Good Delivery bars, the physical gold associated with RMAU will be held in The Royal Mint’s purpose-built vault – one of the UK’s most secure sites.
Nicola Howell, Chief Customer Officer for The Royal Mint, said: “We are delighted that the RMAU will now be available to investors in France, and enable them to add gold from The Royal Mint to their portfolio. The introduction of an ETC was a significant milestone for The Royal Mint as we look to diversify our business for the future, whilst building on 1,100 years of trust and expertise in precious metals.”
Hector McNeil, Co-CEO of HANetf, Europe’s most extensive thematic ETF issuer, added: “We have been proud to work with a brand as prestigious as that of The Royal Mint to the launch of its first ETC. We are excited this ETC will now become available to investors in France.
“Gold ETCs have always been a popular way for investors to gain exposure to the gold price. The Gold is stored in The Royal Mint’s vault, one of the country’s most secure sites. The Royal Mint brand is synonymous with the security and reliability investors want to see from a gold ETC and makes it an attractive option for investors who are looking to hedge systemic risk. We believe the RMAU ETC will appeal to investors looking to diversify their custody arrangements and make use of the physical redemption service. By using London Bullion Market Association (LBMA) Post 2019 Responsibly Sourced Good Delivery bars, RMAU offers a way for more environmentally-minded investors to gain access to gold. We believe RMAU is a truly unique Gold ETC”
Gold is often regarded as a safe haven investment in times of market stress and investors will now have the option to own an ETC that custodies the gold outside of the financial system. Most other gold ETCs custody their gold at commercial banks so the RMAU ETC offers an attractive alternative to investors looking to diversify their custody arrangements.
RMAU ETC securities can be redeemed in exchange for physical gold bars and coins, with delivery and storage provided by The Royal Mint. This is a unique feature of the RMAU ETC. This is not available to UCITS funds.
This ETC allocates gold that has been sourced according to the Post 2019 guidelines of LBMA ensuring responsible sourcing from the LBMA’s Responsible Sourcing program. The Total Expense Ratio (TER) for the RMAU ETC is 0.22% per annum.
The launch of the ETC complements The Royal Mint’s existing range of precious metals products including gold, silver and platinum in the form of physical bars and coins, as well as its DigiGold range available online.
If you would like more information about visit the RMAU ETC fund page.