The Royal Mint Completes Listing of Gold Exchange Traded Commodity on London Stock Exchange | RMAU
- The
Royal Mint Physical Gold Securities ETC (RMAU) has listed on London Stock
Exchange
- The
first physically gold backed Exchange Traded Commodity (ETC) launched by a
European Sovereign Mint and The Royal Mint’s first listed financial product
- Competitively
priced [1]
at 0.22% per annum
- Custody
of gold held at The Royal Mint’s highly-secure, purpose-built vault in Wales
[1]
London, February 2020: The
Royal Mint Physical Gold Securities ETC (RMAU) has listed on London Stock Exchange. The ETC is designed to offer investors an
effective way to access the gold market as it tracks the physical price of
gold.
This
is the first listed financial product to be backed by The Royal Mint and the
first physically gold backed ETC to be launched in partnership with a European
Sovereign Mint. The Royal Mint has
partnered with specialist white label ETF issuer, HANetf to issue,
manage and distribute the RMAU ETC.
The Royal Mint is the world’s largest export mint,
creating coins, medals,
gifts and investment opportunities to the UK
and overseas countries. With 1,100 years of heritage and expertise, The Royal
Mint is a world leader in the design and craftsmanship of precious metals – and
the move into the gold backed ETC market is the latest in a series of
initiatives to diversify the company’s portfolio in line with evolving consumer
needs.
Lida Eslami, Head of Business Development, ETFs and
IOB at London Stock Exchange: “We are delighted to welcome the first listed
financial product from The Royal Mint. Their new physically gold backed ETC, in
association with HANetf, will provide further opportunities for investors
looking to gain exposure to precious metals, one of the most popular traded
asset classes on London Stock Exchange. 20 years after the first ETF listing in
Europe, the number of issuers choosing London as their listing venue continues
to grow, offering investors choice across a wide range of products, asset
classes and geographies. The development of a healthy secondary trading market
also positions London Stock Exchange as a leading ETF trading venue in Europe”.
100%
backed by London Bullion Market Association (LBMA) 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. 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. A unique feature of the
RMAU ETC.
This
ETC allocates gold that has been sourced on a best endeavour basis 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 digital ‘Signature’ range available online.
Anne
Jessopp, CEO of the Royal Mint, said:
“This launch is a significant milestone for The Royal Mint as we look to the
future and diversify our business for the 21st century. Today we are
building on our 1,100 years of heritage and reputation for trust and security
to expand into new ventures with the launch of our first ever listed financial
product, becoming the first Sovereign Mint in Europe to do so. Our
precious metals business has gone from strength to strength since its launch
five years ago, and the launch of this gold backed ETC further builds on our existing
range of Mint precious metal products.”
The Royal Mint Physical Gold ETC (RMAU) Product Details:
Name |
The Royal Mint Physical Gold ETC (RMAU) |
Primary Ticker |
RMAU |
Denomination |
Each ETC is equal to 1/100th of a troy ounce of gold at launch which is approximately $16 per ETC based on today's price of gold [2] |
Asset backed |
100% backed by London Bullion Market Association (LBMA) Good Delivery bars |
Custody |
The Royal Mint, LIantrisant (near Cardiff), Wales |
Redemption |
Investors can redeem for physical gold alternatives including gold bars and coins. Storage and delivery provided by The Royal Mint |
Sourcing of gold |
This ETC allocates gold that has been sourced on a best endeavour basis from the LBMA's Responsible Sourcing program |
Total Expense Ratio (TER) |
0.22% per annum |
Listing |
London Stock Exchange |
When
you trade ETCs, your capital is at risk.
For professional investors only. This content
is issued by HANetf Limited, an appointed representative of Mirabella Advisers
LLP, which is authorised and regulated by the Financial Conduct Authority.
If
you would like more information, visit the RMAU ETC fund page.
Product Identifiers
EXCHANGE |
BB CODE |
RIC |
ISIN |
SEDOL |
CCY |
London Stock Exchange |
RMAU LN |
RMAU.L |
XS2115336336 |
BKT7175 |
USD |
London Stock Exchange |
RMAP LN |
RMAP.L |
XS2115336336 |
BKT7197 |
GBP |