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Source lists Physical Gold P-ETC in GBP on LSE


The Source Physical Gold P-ETC is now listed in GBP on the London Stock Exchange (LSE). This listing complements the existing listing in USD on the LSE, and provides sterling-denominated investors with easy access to one of the fastest growing gold products in Europe.  The company also plans to list the product in EUR on Xetra early 2012.

Year to date, the Source Physical Gold P-ETC has raised over USD1 billion in assets and traded over USD4 billion on the LSE. As demand for precious metals has soared, investors have adopted physically-secured ETPs as their vehicle of choice.  With over USD2.2 billion in assets, the Source Physical Gold P-ETC is now the 6th largest physical gold product globally, and is one of the most cost-efficient and liquid products in the market.
Source CEO Ted Hood (pictured), says: “Investors look to precious metals as both an investment opportunity and a safe haven. The concept of a physical holding is part of their appeal.  It is important that the investment vehicle does not compromise this.”
Source P-ETCs combine the convenience and liquidity of an ETP with the reassurance of physical investment.  Each P-ETC is secured by physical metal held in J.P. Morgan’s London vaults. “The success of our Physical Gold P-ETC shows that investors like our approach,” says Hood.
The Source ETC platform has raised USD2.5 billion across 31 products since launch in April 2009 – Source is now the 3rd largest commodity ETC provider in Europe.


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