The Royal Mint’s physical gold ETC – the Royal Mint Physical Gold ETC – is now fully accessible to French investors courtesy of a local listing in Paris.
The Royal Mint and HANetf have cross-listed their physical gold ETC onto Euronext Paris.
The ETC, which was launched on the LSE in 2020 in partnership with white label ETP platform HANetf, has been listed on Euronext Paris with the ticker code RMAU FP.
The Euronext listing further extends the product’s trading footprint, which also includes listings on Xetra and Borsa Italiana as well as the original LSE listing.
The product, which presently houses in excess of $280 million in assets, is different from the many other gold ETCs that exist in the market today owing to its unique custody arrangement which provides investors with an additional layer of diversification.
RMAU’s gold is stored in the Royal Mint’s ultra-secure vault in South Wales, located outside of the mainstream financial ecosystem. This is in stark contrast to the vast majority of gold ETCs domiciled in Europe which concentrate their gold holdings in the vaults of either HSBC or JP Morgan in London.
The product is also understood to be the first ETC to be 100% backed by responsibly sourced gold in line with the London Bullion Market Association’s 2019 standards. This ensures, on a best endeavours basis, that gold acquired for the ETC is from wholly legitimate and conflict-free sources.
Another feature that differentiates RMAU is its physical redemption facility. Investors in the ETC are able to redeem their shares for physical gold bars or bullion coins issued by the Royal Mint, a mechanism that is totally unique to RMAU.
Commenting on the listing, Nicola Howell, Chief Customer Officer for The Royal Mint, said: “We are delighted that the RMAU will now be available to investors in France, and enable them to add gold from The Royal Mint to their portfolio. The introduction of an ETC was a significant milestone for The Royal Mint as we look to diversify our business for the future, whilst building on 1,100 years of trust and expertise in precious metals.”
Hector McNeil, Co-CEO of HANetf, added: “We have been proud to work with a brand as prestigious as that of The Royal Mint to the launch of its first ETC. We are excited this ETC will now become available to investors in France…We believe the RMAU ETC will appeal to investors looking to diversify their custody arrangements and make use of the physical redemption service.”
RMAU has a total expense ratio of 0.22%.