European ETP white labeller HANetf has announced that it has listed two ETCs on Bolsa Mexicana de Valores: The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) and SparkChange Physical Carbon EUA ETC (CO2).
The firm writes that demand for ETPs in Mexico has been steadily growing, and the country is well positioned macroeconomically relative to other Latin American and emerging markets. HANetf writes that it already has 20 ETFs listed in Mexico, and is excited to introduce two innovative ETCs to the market.
RMAU provides exposure to responsibly sourced physical gold. The gold ETC was launched in 2020 in partnership with The Royal Mint, marking the first time ever that a gold ETC has been launched in partnership with a European sovereign mint. Since then, RMAU has accrued over USD700 million in AUM, and has had a YTD growth of 133.8 per cent.
The firm writes that the Royal Mint’s unique control over the bullion in their custody means that the gold in the ETC is backed by London Bullion Market Association (LBMA) post-2019 responsibly sourced Good Delivery bars. In addition to this, RMAU’s bars are partially backed by 100 per cent recycled gold, sourced from scraps in The Royal Mint’s manufacturing process.
Therefore, Mexican investors concerned about the sustainability of their portfolios will be able to access gold that aligns with their values, the firm says.
CO2 provides exposure to physical European Union Allowances (EUAs), often referred to as carbon credits or “permits to pollute”. Each EUA held by a corporation allows it to emit one tonne of carbon dioxide. By buying CO2, investors are actively withholding these permits from polluters and preventing the further release of harmful greenhouse gases into our atmosphere.
Most recently, CO2 was listed on Deutsche Börse XETRA and Borsa Italiana.
Hector McNeil, Co-CEO and Co-Founder of HANetf, comments: “We are thrilled to be listing RMAU and CO2 on Bolsa Mexicana de Valores (BMV). Both of these ETCs are the first of their kind: the first gold ETC launched in partnership with a European sovereign mint, and the first carbon credit ETC.
“We are excited to be sharing these innovative funds with investors in Mexico and address the growing demand in Latin America for ETPs.”