With a rise of 73.4% since the start of the year, The Royal Mint Physical Gold ETC (LSE:RMAU) reached its highest level of assets under management (AUM) last week, two years after its launch.
HANetf, which manages the exchange-traded commodity, which is backed by responsibly sourced Good Delivery bars accredited by the London Bullion Market Association, said its AUM surpassed US$486mln on 8 March.
RMAU, which was the first financial listed product to be sponsored by The Royal Mint and the first gold ETC to be launched in partnership with a European sovereign mint, provides investors exposure to the spot price of gold by physically holding gold bars.
Hector McNeil, co-chief executive of HANetf, said: “We launched The Royal Mint Physical Gold ETC (LSE:RMAU) (RMAU) just two years ago. We are thrilled to see it reach almost half a billion dollars in AUM in such a short period of time.
“Gold will always be an asset of interest to investors seeking a diversified portfolio. With the world such a turbulent place, be it the pandemic, inflation or the outbreak of war in Europe, this precious metal is likely to have even more appeal for those looking for some sort of insurance."