9 October 2024: The Royal Mint and HANetf have today launched two new currency-hedged physical gold ETCs - with a third coming soon - designed to offer investors additional protection against currency fluctuations while maintaining exposure to responsibly sourced gold.

The two new ETCs will be backed by physical gold bars custodied by The Royal Mint at their highly secure vault in Llantrisant, Wales, with pound sterling (GBP) and euro (EUR) hedging options available to investors. A Swiss franc (CHF) hedging option is also coming soon.

They follow HANetf and The Royal Mint’s first financial product which was launched in 2020, The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU), which now has $1 billion in assets under management (AUM), achieving almost 1% market share during its short lifespan. Uniquely, a target of 50% of the gold backing the ETCs will be 100% recycled gold bars, with the aim of increasing the proportion over time.

Traditionally, gold has been quoted in US Dollars meaning most gold products are providing exposure to gold in USD unless they are hedged. Therefore, an investor who only wants to benefit from the gold price rising and has no outlook on US Dollar needs to find a way to hedge their exposure. In currency hedged products, any movements in the hedge currency against the dollar is mitigated, leaving the investor solely exposed to the USD quoted gold price

Andrew Dickey, Divisional Director of Precious Metals at The Royal Mint, said:

“The Royal Mint continues to build its reputation as a trusted name in the UK and across global markets, solidifying its leadership in precious metals investment. The Royal Mint’s Responsibly Sourced Physical Gold ETC has performed exceptionally, and this impressive growth is a testament not only to the fund's core sustainability profile but also reflects The Royal Mint's broader sustainability initiatives and robust vaulting arrangements, as the fund’s trusted custodian.

“By launching two new currency-hedged physical gold ETCs through HANetf, we are expanding our existing offering to investors and driving greater accessibility across global gold markets. As precious metals investing is increasingly at the forefront of people’s minds, The Royal Mint remains committed to providing seamless and reliable investment options, backed by its trusted legacy.”

New ETCs available:

ETC	Ticker	Hedged Currency	Exchange(s)
The Royal Mint Responsibly Sourced Physical Gold GBP Hedged ETC	RMPH	GBP (£)	London Stock Exchange
The Royal Mint Responsibly Sourced Physical Gold EUR Hedged ETC	RMEH	EUR (€)	Xetra, Borsa Italiana

 

This announcement will underscore The Royal Mint’s continued commitment to sustainability and innovation in the precious metals market, while leveraging HANetf's expertise in managing exchange-traded products. The new ETCs align with growing investor demand for sustainable, diversified investment options in the gold market.

Contact:
The Royal Mint

press.office@royalmint.com
Phone: 0845 600 5018