The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) LSE
Currency In GBp
- General
- Statistics
- Historical Data
- Profile
- Financials
Currency In GBp
Address
6th Floor, 2 Grand Canal Square
Dublin, D02 A342
Ireland
Phone
353-1-524-1417
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
February 14, 2020
This Exchange Traded Commodity (ETC), RMAU, is designed to mirror the live spot price of physical gold, providing investors with an accessible pathway into the gold market. It holds the distinction of being the first financial product endorsed by The Royal Mint and is also fully compliant with Shariah principles. A unique benefit for individual investors is the ability to redeem their holdings for tangible gold bars and coins, which are securely stored in The Royal Mint's vault in Llantrisant, Wales. All gold held in custody consists exclusively of London Bullion Market Association (LBMA) Good Delivery bars produced after 2019, with roughly half of this metal sourced from 100% recycled materials. Furthermore, following the Russian invasion of Ukraine, all gold bars originating from Russia were promptly removed from the Physical Gold ETC.