The Royal Mint is set to become the first Sovereign Mint in Europe to launch a gold-backed ETC – leveraging our unique 1,100-year reputation for trust and security to provide a compelling, new opportunity for investors.
The gold-backed ETC will become The Royal Mint’s first listed financial product and is expected to list in the UK, Italy and Germany in early 2020. We are working in collaboration with HANetf, Europe’s first independent ‘white label’ UCITS ETF issuer, to develop and launch the physically-backed gold ETC.
All of the physical gold associated with the ETC will be stored in The Royal Mint’s vault – one of the UK’s most secure sites and guarded 24/7. The ETC 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 their ‘Signature’ product available online.
What is an ETF?
An exchange-traded fund is an investment fund traded on stock exchanges.
What is an ETC?
An ETC is ‘exchange-traded certificate’- this acts like a share that is traded on the stock market. It gives the right to the owner to a specific amount of the commodity (gold) held at The Royal Mint.
Anne Jessopp, CEO of The Royal Mint commented: “This is a milestone moment for The Royal Mint as we prepare to launch our first financially listed product, and reinvent what it means to be a Mint in the modern age.”
“Over recent years The Royal Mint has successfully launched a range of precious metals products as we look to reinvent our business and appeal to new customers. This gold-backed ETC marks an exciting new chapter for The Royal Mint, and for the historic business of gold trading.”
“For thousands of years, gold has been recognised worldwide as the ultimate means of trading and storing wealth, ensuring a level of confidence, trust and security with each transaction with The Royal Mint.”
Jatin Patel, Head of Wealth Management at The Royal Mint commented: “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.”
The ETC announcement comes in the lead up to the five-year anniversary of The Royal Mint’s precious metals division in October 2019.