HANetf’s The Royal Mint Physical Gold ETC (RMAU) has hit close to half a billion dollars in assets under management with a year-to-date growth of 73.4 per cent.
The firm writes that on 31st December 2021, the RMAU’s AUM stood at USD278 million, while on 8th March 2022, its AUM surpassed USD486 million which marked the highest AUM the ETC has seen since its launch in 2020.
RMAU was the first financial listed product to be sponsored by The Royal Mint and the first gold ETC to be launched in partnership with a European sovereign mint.
The ETC is designed to provide investors exposure to the spot price of gold by physically holding gold bars. The gold bars are 100 per cent in compliance with the LBMA’s 2019 Responsible Sourcing guidelines, HANetf writes, adding that this is the highest responsible sourcing standards within the industry. RMAU’s gold is custodied at the Royal Mint’s highly secure vault in Llantrisant, Cardiff.
RMAU is currently listed on the London Stock Exchange, Euronext Paris, Borsa Italiana and Deutsche Borse.
Hector McNeil, co-CEO and co-Founder of HANetf says: “We launched The Royal Mint Physical Gold ETC (RMAU) just two years ago. We are thrilled to see it reach almost half a billion dollars in AUM in such a short period of time. Gold will always be an asset of interest to investors seeking a diversified portfolio. With the world such a turbulent place, be it the pandemic, inflation or the outbreak of war in Europe, this precious metal is likely to have even more appeal for those looking for some sort of insurance. RMAU is a unique way to gain gold exposure. Not only are its gold bars 100 per cent in compliance with the LBMA’s 2019 Responsible Sourcing guidelines, but the physical gold bars are held in the Royal Mint’s vaults, which is one of the most secure sites in the world in rural Wales and not in London or New York where most other gold custody vaults are based. RMAU also resonates with investors due to the unique feature of being able to redeem the ETCs for Royal Mint bars and coins to demand.”