The firm said the move was designed to provide sterling-denominated investors with easy access to one of the fastest growing gold products in Europe.
Year-to-date the Source Physical Gold P-ETC has raised over $1bn in assets and traded over $4bn on the LSE and at its current size of $2.2bn the fund is the sixth-largest physical gold product globally.
Source CEO Ted Hood, said: "Investors look to precious metals as both an investment opportunity and a safe haven. The concept of a physical holding is part of their appeal, so it is important that the investment vehicle does not compromise this."
The gold P-ETC is secured by physical metal held in J.P. Morgan’s London vaults. Its fixed fee is 0.29% per annum and in the New Year Source plans to list it in Euro on Xetra.
