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New metal ETCs list on the London Stock Exchange

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Global Palladium Fund (GPF), which was founded in 2016 by Norilsk Nickel, a diversified mining company, has launched its four physically-backed metal Exchange Traded Commodities (ETCs) on the London Stock Exchange.  

The ETCs have the lowest charges in the European marketplace with total expense ratios (TER) ranging from 0.145 per cent to 0.20 per cent.

The ETCs were launched earlier this week when issuer Ridgex listed them on Deutsche Börse on 18 January 2021. Further listings in Europe will be announced in due course.  

GPF is also the first to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to the Issuer.  The use of Blockchain is in addition to the traditional recording processes used by the custodian.

Targeting Family Offices, wealth managers, institutional and other professional investors, the new physically-backed gold, silver, platinum and palladium ETCs will track the spot price of the respective metals they cover.  

NTree International Ltd, a specialist in marketing, distribution and investor engagement, is leading the distribution and rollout of the products. NTree has set up a dedicated brand, Metal.Digital as an education resource for professional investors with a focus on metals.

The ETCs have a strong focus on ESG. LBMA-approved metal will be sourced from producers and suppliers who support the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.

Alexander Stoyanov, Chief Executive Officer of GPF, says: “This is the second listing of our ‘physically backed’ metal ETCs, which aim to give investors the opportunity to invest in metals that have a key role to play in the transition to a net zero carbon economy.”

Anton Berlin, Vice President, Sales and Distribution of Norilsk Nickel, says: “Investor demand for metals will increase as economies step-up their energy transition and focus more on meeting the challenge of global climate change.  Also, as a mining company, providing access to metals to a broader range of market participants helps improve market liquidity and price discovery.”

Timothy Harvey, Chief Executive Officer and Founder of NTree, says: “Global Palladium Fund’s new ETCs provide exposure to the spot price of precious metals, with some of the lowest charges in Europe.  We are excited to have helped design and manage such an innovative investor proposition and to continue working with GPF on the promotion of their ETC programme.

“We see growing investor appetite for commodities that will be driven by the cyclical recovery out of the pandemic and, perhaps more importantly, by the push towards a net zero carbon economy.”
 

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