The Royal Mint Lists Gold Backed ETC on Warsaw Stock Exchange
The Royal Mint
The contents of this article, accurate at the time of publishing, is for general information purposes only, and does not constitute investment, pensions, legal, tax, or any other advice. Before making any investment or financial decision, you may wish to seek advice from your financial, pensions, legal, tax and/or accounting advisors.
On 30th August, the Royal Mint Responsibly Sourced Physical Gold ETC (Ticker: ETCGLDRMAU) became Warsaw Stock Exchange’s first gold product and ETC listing. It is also the first one that offers physical redemption of the underlying asset. Investors can also trade the ETC on London Stock Exchange, Deutsche Boerse, Borsa Italiana, EuroNext Paris and Bolsa Mexicana de Valores. RMAU is designed to offer investors a convenient and cost-effective way to gain exposure to physical gold as it tracks the spot price of gold, in USD, GBP, EUR and PLN.
The Polish economy has been flourishing, particularly over the last 5 years, and the investment market is growing similarly. The listing will increase the international exposure to our ETC, which has been in notably high demand with investors, owing to the uncertain macroeconomic picture, and, more significantly, the unique sustainability features of the product. The fund’s core sustainability features are visibly well regarded in the marketplace, with the fund growing some 183% in 2022, against a backdrop of net outflows for the European gold ETC sector. Polish investors can now buy shares in our ETC in Polish Zloty, which enables a wider audience to enjoy the benefits of the product.
RMAU is 100% allocated to London Bullion Market Association (LBMA) Good Delivery bars, where the 400oz bars are custodied at The Royal Mint’s purpose-built vault – one of the UK’s most secure sites. The Royal Mint is dedicated to sustainability and responsible sourcing practices across all its precious metals supply chain. The Royal Mint’s allocation to fully recycled gold bars is approaching 40% of assets, with all bars held in the fund a minimum standard of post-2019 Good Delivery status, the benchmark year for ESG (Environmental, Social and Governance) considerations within the LBMA’s responsible gold sourcing programme. Keeping gold within a circular economy has well documented environmental benefits; recycled bar production expends a fraction of the carbon involved in the processing of newly mined bars. The Royal Mint aspires to be the standard-bearer for sustainable precious metals.
The Mint is the world’s largest export mint, creating coins, medals, gifts and investment opportunities for the UK and overseas countries. The move to listing RMAU in Poland is the latest step in a series of initiatives to diversify the company’s portfolio in line with evolving consumer needs and enable a wider pool of investors to access the benefits of holding sustainably sourced physical gold as part of a diversified portfolio.
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