GPF cuts physically backed gold ETC fees to record low

0.12% TER

Global Palladium Fund (GPF) has reduced the fees on its physically-backed gold ETC to the cheapest on the European market, from 0.145% to 0.12%.

This cut to the product's total expense ratio brings its fees to three basis points lower than any other on the European market, and 0.28% lower than the most expensive physical-backed gold ETCs on offer. The ETC launched in January 2021 and is managed on behalf of Russian mining firm Norilsk Nickel. Russian firm first mining company to launch metal ETCs Norilsk Nickel has tried to improve its environmental image recently, but alongside the $2.1bn fine which it initially refused to pay, the firm received a public admonishment from Russian president Vladimir Putin as a result of a f...