The Royal Mint Lists Gold Backed Exchange Traded Commodity on Borsa Italiana
- The Royal Mint Physical Gold ETC will list on Borsa Italiana today
- The first
physically gold backed Exchange Traded Commodity (ETC) with a European
Sovereign Mint and The Royal Mint’s first listed financial product
earlier this year on London Stock Exchange and Deutsche Boerse
at 0.22% per annum
- Custody of
gold held at The Royal Mint’s highly-secure, purpose-built vault in Wales
Milan, August 2020: The Royal Mint Physical Gold ETC (RMAU) will list on Borsa Italiana this week. The ETC is designed to offer investors an
effective way to access the gold market as it tracks the physical price of
This is the first listed financial
product by The Royal Mint and the first physically gold backed ETC to be
launched in partnership with a European Sovereign Mint. The RMAU gold ETC listed on London Stock
Exchange and Deutsche Boerse earlier this year.
The Royal Mint has partnered with specialist white label ETF issuer,
HANetf to issue, manage and distribute the RMAU ETC.
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.
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 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.
Nicola Howell, Chief Commercial
Officer of the Royal Mint, said: “The launch of The Royal Mint’s
first ETC in Italy is a significant milestone 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.
“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
Andrew Dickey, Director of Precious
Metals at The Royal Mint commented: “Gold continues to be recognised
as the world’s leading means of trading and storing wealth. As one of the UK’s
most trusted organisations, we are excited to be able to offer Italian
investors another way of gaining exposure to gold whilst having the confidence
that it is safely stored in our high-security vault in Wales.”
Royal Mint Physical Gold ETC (RMAU) product details:
The Royal Mint Physical Gold ETC (RMAU)
Each ETC is equal to 1/100th of a
troy ounce of gold at launch which is approximately $19 per ETC based on
today’s price of gold
100% backed by London Bullion Market Association
(LBMA) Good Delivery bars.
The Royal Mint, Llantrisant (near Cardiff),
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
|0.22% per annum
London Stock Exchange
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.
Nik Bienkowski , Co-Founder of HANetf,
the specialist white label ETF platform, added: “We are
very excited to have been able to work with a brand as prestigious as that of
The Royal Mint on the launch of its first ETC.
“Gold ETCs have always been a popular
way for investors to gain exposure to the gold price. The Gold will be 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.”
When you trade ETCs, your capital is
at risk. For professional investors
content is issued by HANetf Limited, an appointed representative of Mirabella
Advisers LLP, which is authorised and regulated by the Financial Conduct
If you would like more information about visit the RMAU Physical Gold ETC fund page.