BNP Paribas Arbitrage Issuance has launched two precious metals exchange traded commodities (ETFcs) on Xetra and Börse Frankfurt.
The new ETCs enable investors to participate in the performance of two precious metals: gold and palladium.
Each ETC is based on the cash price in US dollars for a troy ounce (31.1035g) of the underlying precious metal.
The USD to EUR currency risk is minimised.
Deutsche Börse’s product range in its ETF and ETP segment currently comprises 1,151 ETFs, 246 ETCs and 132 ETNs.