The Royal Mint Physical Gold ETC (LSE:RMAU) will add a listing on the Paris-based Euronext exchange today
The exchange-traded commodity (ETC), which is the first listed financial product to be backed by The Royal Mint and designed to track the physical price of gold, first listed in London in February 2020, and has since also listed in Germany's XETRA and Borsa Italiana.
Partnering with white label ETF issuer HANetf, the Royal Mint guarantees the vehicle is 100% backed by responsibly sourced gold bars, with the physical gold associated with the ETC held in the Mint’s purpose-built vault.
Hector McNeil, co-CEO of HANetf, said: “Gold ETCs have always been a popular way for investors to gain exposure to the gold price."
He added: "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."