Perth Mint has published a statement detailing its actions during a review of its activities by the London Bullion Market Association, and in response to media reports.
Commodities & Resources
The recent gold rush has brought attention to gold ETPs based on sovereign mints. Australia’s Perth Mint details its gold ETP and ETF offerings.
April figures from the World Gold Council show that even as stocks and bonds regained some traction, gold still outperformed, with holdings in gold-backed ETFs reaching new all-time highs this month with net inflows up by 5 per cent (USD9.3 billion).
The WTI oil price collapse to almost minus USD40 earlier this week has had a widespread effect but none has suffered as much as the United States Oil Fund LP USO, an ETP that started the week with USD4 billion in assets, that tracks the oil futures markets and gives investors direct access to the oil price.
Latest news from REX Shares, providers of long and short ETNs on a range of key indices, has announced that Bank of Montreal (BMO) has increased the aggregate principal amount of the MicroSectors US Big Oil Index 3x Leveraged Exchange Traded Notes by USD50 million, to a new total of USD75 million.
BlackRock’s Global ETP flows report for February 2020 finds that the last week of February ranked as the worst week for equity outflows since records began in 2011, with investors selling USD31.5 billion.
The Royal Mint Physical Gold Securities ETC (RMAU) has listed on London Stock Exchange. The ETC is designed to offer investors an effective way to access the gold market as it tracks the physical price of gold.
Invesco has reduced the annual fixed fee on the USD7.6 billion Invesco Physical Gold ETC, one of the firm’s largest exchange-traded products (ETPs) listed in Europe.
December 2019 saw LGIM launch a US equity version of its Responsible Exclusions ETF, designed for investors who are seeking a dynamic approach to ESG exclusions, but also want to maintain a broad market exposure.
China Post Global’s gold mining ETF, the NYSE ARCA GOLD BUGS INDEX UCITS ETF, has outperformed what has already been a huge bull run this year in gold, achieving 43 per cent over the last 12 months, double the performance of the physical gold price over the period.