Standard Commodities, the exchange-traded commodity (ETC) platform of the Royal Bank of Scotland, has issued its inaugural product on the Xetra exchange in Germany.
The RBS Physical Gold ETC enables investors to participate in the performance of the London Gold Market AM fix price in US dollars, although the ETC is traded in euros. The ETC is structured as an exchange-traded bond, backed by physically deposited gold and has a management fee of 0.29%. Standard Commodities is the sixth issuer to be included in the ETC segment of the Deutsche Boerse. The exchange's ETC segment comprises 161 products, with the monthly trading volume of ETCs amounting to around €440m.
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
