Amundi brings cheapest gold ETC in Europe to London Stock Exchange

First listed in Paris and Amsterdam

Amundi has announced its first exchange traded commodity (ETC) to be listed on the London Stock Exchange will be its physically backed gold product.

The Amundi Physical Gold ETC, with a total expense ratio of 0.15%, is the cheapest in Europe and provides investors exposure to gold through a physically backed product held in HSBC's London vault. The Royal Mint lists physically backed Gold ETC Investors will have access to a complete list detailing each gold bar with brand, serial number and weight, and the ETC itself is designed with a 'swing bar mechanism', which ensures the total amount of gold is always 100% allocated. The ETC, which has attracted assets exceeding $2.7bn since its launch in May 2019, exclusively holds bars so...