Global Palladium Fund launches competitively priced physically backed metal exchange traded commodities (ETCs) on SIX
Alexander Stoyanov, Chief Executive Officer of GPF
- First to use Blockchain to record metal bars to provide highest level of security
- Strong focus on ESG
Global Palladium Fund (GPF), which was founded in 2016 by Norilsk Nickel, the diversified mining company, has launched its four physically-backed metal Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX). The ETCs have some of the lowest charges in the European marketplace with total expense ratios (TER) ranging from 0.145% to 0.20%.
The ETCs were launched in January this year when issuer Ridgex listed them on Deutsche Börse and London Stock Exchange. Targeting wealth managers, institutional and other professional investors, the new physically-backed gold, silver, platinum and palladium ETCs track the spot price of the respective metals they cover.
GPF physically custody metal in Switzerland and London and is the first issuer to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to all market participants: as an issuer as well as an investor.
The ETCs also have a strong focus on ESG. LBMA-approved metal will be sourced when possible from producers and suppliers who support the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.
Alexander Stoyanov, Chief Executive Officer of GPF said: “This is the third listing of our physically backed metal ETCs which are the first to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to the Issuer. Furthermore, the digitalization of commodities means that the source of underlying metals can be traced and the way they were produced captured, along with their ESG credentials – this is of growing importance to institutional investors.”
NTree International Ltd, a specialist in marketing, and investor engagement, is leading the rollout of the products.
Timothy Harvey, Chief Executive Officer and Founder of NTree, said: “We are seeing a growing appetite across Europe for precious and industrial metals because of the possible metals commodities super-cycle. The launch of Global Palladium Fund’s ETCs on SIX enables access to physical metals at low cost and bolstered strong ESG commitment and Blockchain technology.
|ETC||SIX/LSE Ticker||Xetra Ticker|
|GPF Physical Gold ETC||TGLD||0IIA|
|GPF Physical Silver ETC||TSLV||0IIB|
|GPF Physical Palladium ETC||TPAL||0IID|
|GPF Physical Platinum ETC||TPLT||0IIC|
Source : ETFWorld.co.uk