London-based white-label ETF issuer HANetf is preparing to cross-list the Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) on GPW (Warsaw Stock Exchange), marking the first time that a physically backed gold ETC will be available to trade in Poland.
Nik Bienkowski, co-Founder and co-CEO, HANetf.
Due to list on GPW on 30 August 2023, the ETC offers investors a low-cost, liquid, and convenient vehicle for spot gold price exposure.
Each ETC share is 100% backed by physical gold stored at The Royal Mint’s purpose-built vault near Cardiff, Wales, a unique custody arrangement that may appeal to investors that wish to store their gold outside of the mainstream financial system.
All gold bars underlying the ETC comply with LBMA Good Delivery criteria and are sourced in line with the association’s Responsible Sourcing Programme, the highest standards in the industry. This means that the underlying gold is from conflict-free sources and from producers maintaining higher standards of corporate governance and environmental and sustainability practices.
Additionally, the ETC is backed in part by gold bars that have been cast from 100% recycled gold sourced from scraps in the manufacturing process. Recycled gold is less carbon-intensive than mined gold.
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.
The ETC currently houses $840 million in assets and comes with an expense ratio of 0.25%. It is listed across major European exchanges including London Stock Exchange, Xetra, Borsa Italiana, and Euronext Paris.
Nik Bienkowski, co-Founder and co-CEO of HANetf, said: “We are very proud to bring the Royal Mint Responsibly Sourced Physical Gold ETC to the Polish market. We are also very proud to have worked closely with GPW to introduce the first ETC to be listed in Poland. RMAU blends the security of investing in LBMA good delivery bars custodied in one of the most highly secure purpose-built vaults, with management by one of the oldest companies in the world, set up in 889AD by Alfred the Great.”