Description

This UCITS-compliant Exchange Traded Commodity (ETC) offers investors a direct, economical, and secure method to gain exposure to physical precious metals. Its performance closely mirrors the spot price movements of these metals, offset by applicable management fees. The ETC's value is entirely supported by tangible, allocated precious metals, held in safekeeping by HSBC Bank plc, the designated custodian. The custodian exclusively accepts metals that meet the stringent "Good Delivery" criteria established by both the London Bullion Market Association (LBMA) and the London Platinum and Palladium Association (LPPM). Every physical bar is kept separate, uniquely cataloged, and specifically earmarked. Thus, a 1% increase in the underlying physical precious metals' value over a day would lead to a corresponding 1% appreciation in the ETC, prior to fees. Conversely, a 1% decline in the metals' value would result in a 1% depreciation of the ETC, before any charges.