The Source Physical Gold P-ETC is now listed in EUR on XETRA. This listing complements the existing listings in USD and GBP on the LSE and SIX Swiss Exchange, and provides euro-denominated investors with easy access to one of the fastest growing gold products in Europe.
In 2011, the Source Physical Gold P-ETC raised over USD1.2 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 US$2.3 billion in assets, the Source Physical Gold P-ETC is now among the largest physical gold product globally, and is one of the most cost-efficient and liquid products in the market.
Source CEO Ted Hood, says: “Investors look to precious metals as both an investment opportunity and a safe haven. The concept of a physical holding, coupled with the ability to access it in times of crisis, 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 JP Morgan’s London vaults. Source P-ETCs also offer investors the option for physical delivery of the metal. “The success of our Physical Gold P-ETC shows that investors like our approach.”.
The Source ETC platform has raised USD2.7 billion across 31 products since launch in April 2009 – Source is now the 3rd largest commodity ETC provider in Europe.
