A gold exchange-traded commodity issued by Standard Commodities, the ETC platform of the Royal Bank of Scotland, has begun trading on Xetra.
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.
The management fee is 0.28 per cent.
Deutsche Börse’s ETC segment currently comprises 172 products. The monthly trading volume of ETCs on Xetra averages around EUR550m.