The Royal Mint Physical Gold ETC Reaches $300 Million AUM

The Royal Mint Physical Gold ETC (RMAU) has reached the $300 million AUM milestone just 6 months after launch.

RMAU was the first listed financial product to be backed by The Royal Mint and is the first physically gold backed ETC to be launched in partnership with a European Sovereign Mint. It has been issued in partnership with HANetf, Europe’s first independent ‘white label UCITS ETF issuer.

Gold is often regarded as a safe haven investment in times of market stress and recent concerns around the impact of Coronavirus and dramatic falls in global equity and oil markets have reenergised investor interest in gold.

RMAU allocates gold that is 100% backed by London Bullion Market Association (LBMA) Good Delivery bars. The physical gold associated with RMAU is held in The Royal Mint’s purpose-built vault – one of the UK’s most secure sites. Most other gold ETCs custody their gold at commercial banks so RMAU offers an attractive alternative to investors looking to diversify their custody arrangements.

Andrew Dickey, Division Director-Precious Metals at The Royal Mint said “The surge in interest in gold is no surprise considering the multitude of risks that we have witnessed this year, as investors look to safe haven assets. RMAU provides a distinctive and attractive alternative to other gold backed ETCs as we store gold in the vaults of The Royal Mint – helping to mitigate concerns around counterparty risk.”

RMAU is listed on London Stock Exchange and XETRA and is registered for sale in UK, Ireland, Italy, Germany, Netherlands, Finland and Luxembourg. RMAU is competitively priced at 0.22% per annum.

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