The mint sees how the assets in the gold fund are multiplied

British currency trading product on the stock exchange Royal Mint Physical Gold etc You see the assets in the gold fund doubling, yes more than doubling since the beginning of the year. Assets under management grew by 117.6% to the highest level since the launch of the exchange-traded commodity in 2020

Royal Mint Physical Gold ETC (RM8U) It reached more than $600 million in assets under management (AUM), more than doubling since the end of 2021.

As of $278 million as of April 29, the ETF’s assets exceeded $600 million, representing 117.6 percent growth year-to-date and the highest AUM since its launch in 2020.

ETC gives investors exposure to the spot price of He went By actually holding the gold bars with the Royal Mint, which is said to be 100 percent in line with the LBMA’s guidelines for responsible purchasing in 2019, while some of the gold held is 100 percent recycled.

gold spot price It approached $2,050 in early March but has since fallen to around $1,819, which is close to where it was at the beginning of the year.

The RMAU fund was the first listed product sponsored by The Royal Mint and the first gold ETC to be launched in association with a European currency, says HANetf, which provides the exchange-traded fund platform.

Hector McNeill, co-CEO and co-founder of HANetf said: “We launched the Royal Mint Physical Gold ETC (RM8U) just two years ago. We are excited to see it surpass $600 million in assets under management in such a short time.

“Gold will always be an asset of interest to investors looking for a diversified portfolio. With the world in such a turbulent place, whether it be a pandemic, inflation or the outbreak of war in Europe, this precious metal is likely to be more attractive to those looking for a shape form of insurance.

RM8U Trading etc

The Royal Mint Physical Gold ETC (RM8U) It is a European exchange-traded fund. This fund is traded on many different stock exchanges, such as Borsa Italiana, Deutsche Boerse Xetra, Euronext Paris and the London Stock Exchange. For this reason, different acronyms appear on the same ETF.

This means that it is possible to trade units in this ETF through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.

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