Europe’s first independent ‘white label’ UCITS ETF issuer HANetf has formed a new partnership with the Royal Mint to develop and launch a physically-backed gold ETC, making it the first sovereign mint in Europe to launch such a product.
The gold backed ETC will become the Royal Mint’s first listed financial product. It is expected to list in the UK, Italy and Germany in early 2020. It will complement The Royal Mint’s existing range of precious metals products which includes gold, silver and platinum in the form of bars and coins, as well as its "Signature" products which are available online.
All of the physical gold associated with the ETC will be stored in the Royal Mint’s vault.
Jatin Patel, head of wealth management at the Royal Mint said: “By launching a gold backed ETC we are offering investors across Europe a compelling new product for their portfolios – safe in the knowledge that they’re working with one of the UK’s most trusted organisations, and that every ounce of gold is securely held in our vault.”
Nik Bienkowski, co-Founder and co-chief executive officer at HANetf, added :“The development of this ETC shows the power of the HANetf platform to allow an unparalleled brand to enter the ETF space in a coherent and efficient fashion, providing new solutions to investors. Gold ETFs are part of the DNA of HANetf. Hector McNeil and I were part of the team who invented gold ETCs and we are proud to be part of the continued evolution and growth of this industry.”