ETF Securities launches first Gold Exchange Traded Commodities on Euroclear’s Fundsettle Platform

ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs), today announced the listing of the first-ever Exchange Traded Commodities (ETCs) on Euroclear’s FundSettle fund processing platform, supported by FundsPlace.

  • Gold Bullion Securities (GBS) and ETFS Physical Gold (PHAU) now available to mutual fund investors via FundSettle platform
  • ETF Securities has seen flows US$3bn into gold products YTD

ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs), today announced the listing of the first-ever Exchange Traded Commodities (ETCs) on Euroclear’s FundSettle fund processing platform, supported by FundsPlace.

Investors will now have access to two physically-backed gold ETPs from ETF Securities via the platform; Gold Bullion Securities and ETFS Physical Gold.

ETCs are traditionally listed on a stock exchange and can be traded like equities at any point during market hours. FundSettle will enable investors to buy and sell shares in these ETPs like those of mutual funds, at the end-of-day ‘net asset value’ (‘NAV’), thus offering an additional means of accessing the products.

Since the beginning of 2016, ETF Securities has seen over US$3 billion flow into its gold products[1] and the firm is the most comprehensive provider of commodity ETPs in Europe, taking 36% of commodity ETP flows to end of June[2].

Sihem Labbas, Head of French Speaking Regionas, ETF Securities, says:

Typically described as a safe haven asset, investors are buying gold as a hedge against the extreme economic and financial turbulence prompted by uncertain monetary policy from the ECB and FED and political worries over Brexit and the US presidential election.

We are pleased to respond to this increased demand by making our products available via our FundsPlace solutions. ETF Securities developed the world’s first gold ETC in 2003 and are dedicated to ensuring our products are accessible in a convenient and transparent manner to the full spectrum of investors.

Mohamed M’Rabti, Deputy Global Head of FundsPlace, Euroclear said: "We are very proud to have been part of this collaboration with ETF Securities. This cooperation showcases the true breadth and flexibility of the FundSettle platform. These ETCs will be the first to be made available on FundSettle benefitting from our safe, reliable and scalable service offering.

Next Finance , July 22

P.S.

[1] Source: ETF Securities, 13 July 2016

[2] Source: ETFGI Global ETF and ETP preliminary report, June 2016

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