Sun, Aug 1, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Global Palladium Fund launches competitively priced physically backed metal exchange traded commodities (ETCs) on SIX

Wednesday, June 16, 2021
Opalesque Industry Update - Global Palladium Fund (GPF), which was founded in 2016 by Norilsk Nickel, the diversified mining company, has launched its four physically-backed metal Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX). The ETCs have some of the lowest charges in the European marketplace with total expense ratios (TER) ranging from 0.145% to 0.20%.

The ETCs were launched in January this year when issuer Ridgex listed them on Deutsche Börse and London Stock Exchange. Targeting wealth managers, institutional and other professional investors, the new physically-backed gold, silver, platinum and palladium ETCs track the spot price of the respective metals they cover.

GPF physically custody metal in Switzerland and London and is the first issuer to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to all market participants: as an issuer as well as an investor.

The ETCs also have a strong focus on ESG. LBMA-approved metal will be sourced when possible from producers and suppliers who support the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining. Alexander Stoyanov, Chief Executive Officer of GPF said: "This is the third listing of our physically backed metal ETCs which are the first to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to the Issuer. Furthermore, the digitalization of commodities means that the source of underlying metals can be traced and the way they were produced captured, along with their ESG credentials - this is of growing importance to institutional investors."

NTree International Ltd, a specialist in marketing, and investor engagement, is leading the rollout of the products. NTree has set up a dedicated brand, Metal.Digital as an education resource for professional investors with a focus on metals. Timothy Harvey, Chief Executive Officer and Founder of NTree, said: "We are seeing a growing appetite across Europe for precious and industrial metals because of the possible metals commodities super-cycle. The launch of Global Palladium Fund's ETCs on SIX enables access to physical metals at low cost and bolstered strong ESG commitment and Blockchain technology.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Distressed-debt funds get no love as credit problems disappear[more]

    From Bloomberg: Private debt investors are turning away from distressed funds amid shrinking opportunities to profit from troubled companies. Investors were less keen to put their money to work in funds that target distressed credits in the past quarter than a year ago, according to a poll of

  2. Investing: Cathie Wood's Ark Invest abandons Chinese tech stocks amid regulatory crackdown[more]

    From Business Insider: Cathie Wood's Ark Invest has slashed its exposure to Chinese tech stocks amid an ongoing regulatory crackdown, according to Ark's daily trading updates. Ark's flagship Disruptive Innovation ETF has seen its exposure to Chinese stocks fall to less than 1% from a high of 8

  3. SPACs: SEC abruptly kills Ackman's controversial SPAC plans, Bill Ackman rejigs Universal deal after regulators probe SPAC plan, SPAC-ing the Southeast Asia story, SPAC deals will rebound for remainder of 2021[more]

    SEC abruptly kills Ackman's controversial SPAC plans From Institutional Investor: The Securities and Exchange Commission has killed Bill Ackman's special purpose acquisition company's complicated plan to invest in Universal Music Group. On Monday, his SPAC, Pershing Square Tontin

  4. New Launches: Apollo investors look past Black-Epstein tie to back impact fund, Leeds Equity closes in on $1.25bn for its seventh buyout fund, Schroders Capital surpasses $389m for its fifth European infrastructure senior debt fund, Neuberger Berman closes NB Private Equity Impact Fund at nearly $280m, HSBC AM launches fintech venture capital strategy, Slate rounds up close to $600m for first credit fund, Trifecta Capital raises $130m for close of VC fund, Lumira Ventures closes on $255m of new capital to build transformative healthcare companies[more]

    Apollo investors look past Black-Epstein tie to back impact fund From Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black's ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social

  5. Investing: Tiger Global: The technology investor ruffling Silicon Valley feathers, Addepar raised $150m from hedge fund D1[more]

    Tiger Global: The technology investor ruffling Silicon Valley feathers From FT: For the first 15 years of running Tiger Global Management, Chase Coleman wore a suit every day in the hopes that investors would look past his inexperience. Today, his firm faces a different kind of reputat