Xetra-Gold from Deutsche Börse Commodities remains the most traded exchange-traded commodity on Xetra, with trading volume of around EUR1.7bn in 2013.
Xetra-Gold alone thus accounted for a good 28 per cent of all ETC trading.
db Physical Gold Euro Hedged ETC took second place and db Physical Gold ETC (EUR) took third.
This means that the three top ETCs in 2013 were all gold products – just like in the previous year.
“Although the gold price fell sharply in 2013, exchange traded gold products continued to experience strong demand. Many investors probably used the low prices to enter the market. Amongst all the gold ETCs Xetra-Gold excelled with the highest trading revenues. Investors value this simple, flexible and safe way of participating in the performance of the gold price,” says Martina Gruber, managing director at Deutsche Börse Commodities.
As a result of the low gold price, the assets under custody decreased during 2013: 45.5 tonnes of gold were stored in the German central vault for securities at the end of December, which equates to assets under custody of around EUR1.3bn.