source lists gold etc in gbp

Source has listed its Physical Gold P-ETC in sterling on the London Stock Exchange, complementing the dollar listing it already has on the UK’s exchange.

source lists gold etc in gbp


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.