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By Chris Flood Financial Times, London Sunday, September 8, 2019
The Royal Mint plans to launch its first gold exchange traded fund in response to rising demand from investors that has pushed holdings in bullion-backed exchange-traded funds close to a record.
The Royal Mint already sells a range of precious metal coins and bars, but the launch marks the first time in its more than 1,100-year history that it has offered a financial product that will trade on a stock exchange. It will be structured as an exchange-traded commodity, a debt security backed by gold stored in the Royal Mint's vault.
HANetf, a specialist London-based boutique that helps build ETFs, has worked with the Royal Mint to develop the new ETC, which is expected to list in the UK, Italy, and Germany early next year. Details of fees and charges will be announced at a later date. ...
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https://www.ft.com/content/f0a15508-08b4-3abf...08-5e653f198934 * * *
