Menu
Save, make, understand money

Experienced Investor

Royal Mint to launch gold tracker fund

Joanna Faith
Written By:
Posted:
10/09/2019
Updated:
10/09/2019

The Royal Mint will offer consumers a new way of investing in gold with the launch of a tracker fund.

Britain’s coin producer said its gold-backed exchange traded commodity (or ETC), which will trade on the stock market, will be available from next year.

ETCs are similar to exchange traded funds (ETFs) but they track a specific commodity rather than shares.

The new ETC will be the Royal Mint’s first listed financial product. It currently offers a range of precious metals products including gold, silver and platinum in the form of bars and coins.

All the physical gold associated with the ETC will be stored in the Royal Mint’s vault.

Jatin Patel, head of wealth management at The Royal Mint, said: “By launching a gold backed ETC we are offering investors across Europe a compelling new product for their portfolios – safe in the knowledge that they’re working with one of the UK’s most trusted organisations, and that every ounce of gold is securely held in our vault.”

Sponsored

Wellness and wellbeing holidays: Travel insurance is essential for your peace of mind

Out of the pandemic lockdowns, there’s a greater emphasis on wellbeing and wellness, with

Sponsored by Post Office

The ETC will be available through share dealing platforms and financial advisers.