A further gold ETC issued by the provider Standard Commodities Limited, the ETC platform of the …
Royal Bank of Scotland, has been tradable on Xetra since Friday.
ETC name: Standard Commodities Goldtracker
Asset class: commodities
ISIN: DE000A1ESY66
Management fee: 0.28 percent
Benchmark: London Gold Market AM fix price
The Standard Commodities Goldtracker is aimed primarily at institutional investors and tracks the performance of the London Gold Market AM fix price in US dollars. It is an exchange-traded bond that is backed by physically deposited gold in accordance with the LBMA standard.
Deutsche Börse’s ETC segment currently comprises 172 products. The monthly trading volume of ETCs on Xetra averages around €550 million.
Source: ETFWorld – Deutsche Börse
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