Deutsche Börse: Source Physical Gold ETC launched On Xetra

A further exchange-traded commodity issued by Source has been tradable on Xetra since Friday. The new ETC enables investors to participate in the performance of the London Gold Market PM Fixing Price.
 
ETF name: Source Physical Gold P-ETC
 Asset class: precious metals
 ISIN: DE000A1MECS1
 Total expense ratio: 0.29 percent
 Distribution policy: non-distributing
 Benchmark: London Gold PM Fixing
 
The Source Physical Gold P-ETC is an exchange-traded bond. The ETC is backed by the physical deposit of gold bars at J.P. Morgan Chase in London.
 
Deutsche Börse’s ETC segment product range currently comprises 264 products. The monthly trading volume of ETCs on Xetra averages around €900 million.