New Standard Commodities gold ETC launched on Xetra
A further gold ETC issued by the provider Standard Commodities Limited, theETCplatform of the Royal Bank of Scotland, has been tradable on Xetra sinceFriday.
ETC name: Standard Commodities GoldtrackerAsset class: commoditiesISIN: DE000A1ESY66Management fee: 0.28 percentBenchmark: London Gold Market AM fix price
The Standard Commodities Goldtracker is aimed primarily at institutional investors and tracks the performance of the London Gold Market AM fix price in US dollars. It is an exchange-traded bond that is backed by physically deposited gold in accordance with the LBMA standard.
Deutsche Brse’s ETC segment currently comprises 172 products. The monthly trading volume of ETCs on Xetra averages around €550 million.
D.C.