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HANetf, Europe’s first independent white-label ETF and ETC platform, and leading provider of digital asset ETPs, has announced that The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) has surpassed $650m in assets under management (AUM) for the first time since its launch in 2020.

On 31st December 2021, RMAU’s AUM stood at $278 million. In October 2022, that number reached $650 million, representing a year-to-date growth of 133.8%.[1] These inflows are particularly significant, given the gold spot price’s recent negative performance. In September and October, the gold price fell by -4.48% but RMAU received over $75 million in inflows, outpacing the other gold ETCs.[2]

RMAU, backed 100% by responsibly sourced physical gold, 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.[3] It provides investors with exposure to the spot price of gold by physically holding gold bars, which are custodied at The Royal Mint’s highly secure vault in Llantrisant, Cardiff.

RMAU gives investors the opportunity to access gold that aligns with their values. The Royal Mint’s unique control over the bullion in their custody means that the ETC is backed in part by LBMA Good Delivery bars that are cast from 100% recycled gold, which is sourced from scraps in the manufacturing process. 

In addition to this, the gold ETC is 100% backed by London Bullion Market Association (LBMA) Post 2019 responsibly sourced Good Delivery bars, meaning that the gold adheres to the highest responsible sourcing standard within the industry. We believe, therefore, that RMAU appeals to sustainable investors that may not have had previous exposure to gold but are interested in the responsibly sourced gold ETC’s unique values. 

Hector McNeil, co-CEO and co-Founder of HANetf comments:

“We launched The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU) just two years ago. We are delighted to see it exceed 650 million dollars in AUM over such a short period of time. These inflows are especially impressive given the poor performance of gold’s spot price in recent weeks. 

“While gold is a staple of many portfolios, some investors are concerned about whether it meets their sustainable values. RMAU is a unique way to gain exposure to responsibly sourced gold; not only are its gold bars 100% in compliance with the LBMA’s 2019 Responsible Sourcing guidelines, but they are also partially backed by 100% recycled gold. The ETC is also independently audited to add a further level of assurance as to the adherence of these strict standards. This allows investors to access gold that aligns with their values.”

[1] Bloomberg / HANetf Data as of 31.10.2022.

[2] Bloomberg / HANetf Data taken from the period beginning 14.02.2022 and ending 31.10.2022. Source available upon request.

[3] HANetf / The Royal Mint / ETF Database of all ETFs. Accurate as of 31.10.2022.

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