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ETF Securities launches first Gold ETCs on Euroclear's Fundsettle platform

First Published 21st July 2016

Gold Bullion Securities (GBS) and ETFS Physical Gold (PHAU) now available to mutual fund investors via FundSettle platform.

London - ETF Securities, the independent provider of Exchange Traded Products (ETPs), has announced the listing of the first-ever Exchange Traded Commodities (ETCs) on Euroclear's FundSettle fund processing platform, powered 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.

Peter Lidblom, Head of Nordics & Netherlands, 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."