Global Palladium Fund lists GBP share class for physically-backed metal ETCs on LSE

Global Palladium Fund (GPF) has listed GBP share classes for its four physically-backed metal Exchange Traded Commodities (ETCs) on London Stock Exchange. The ETCs have the lowest charges in the European marketplace with total expense ratios (TER) ranging from 0.145 per cent to 0.20 per cent. 

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

Alexander Stoyanov, Chief Executive Officer of GPF, says: “Our physically backed metal ETCs aim to give investors the opportunity to invest in metals that have a key role to play in the transition to a net zero carbon economy. The LSE GBP listing means that UK professional investors can now access the products through platforms that prefer or only offer access to securities priced in sterling.” 

GPF is also 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. The use of Blockchain is in addition to the traditional recording processes used by the custodian.