The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU.L) LSE

43.91

-0.5(-1.13%)

Updated at June 03 11:06AM

Currency In USD

The Royal Mint Responsibly Sourced Physical Gold ETC

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

Key Executives

N/A

Description

RMAU tracks the spot price of physical gold and offers investors access to the gold market, whilst also being shariah compliant. It is the first financial product to be sponsored by The Royal Mint. Uniquely, retail investors can redeem for physical bars and coins stored at The Royal Mint’s secure vault in Llantrisant, Wales. 100% of the gold custodied is backed by London Bullion Market Association (LBMA) post-2019 Good Delivery bars, of which approximately half of the gold is 100% recycled. Following the Russian invasion of Ukraine, all gold bars of Russian origin were removed from the Physical Gold ETC.