The Royal Mint’s gold ETC changes name to reflect its commitment to sustainable and responsibly sourced gold

  • The Royal Mint Physical Gold ETC has changed its name to The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU)
  • The new name reflects the commitment The Royal Mint has to providing investors with more sustainable and responsibly sourced ways to invest in gold
  • RMAU recently announced that it was beginning to be custodied in part by recycled gold bars
  • RMAU is 100% backed by post-2019 LBMA good delivery bars including the recycled element

View the Thematic Review here

June 2022 London

HANetf Europe’s first full services &lsquowhite label’ UCITS ETF issuer is pleased to announce its popular gold ETC has been renamed The Royal Mint Responsibly Sourced Physical Gold ETC (RMAU). [1] The ETC was previously known as The Royal Mint Physical Gold ETC.

The ETC was created in February 2020 in collaboration with The Royal Mint. RMAU was the first financial listed product to be sponsored by The Royal Mint and the first gold ETC to be launched in partnership with a European sovereign mint. [2]

The ETC provides investors with exposure to the spot price of gold backed by physical gold bars. The gold bars are 100% in compliance with the LBMA’s 2019 Responsible Sourcing guidelines the highest responsible sourcing standard within the industry.[3] RMAU’s gold is custodied at the Royal Mint’s highly secure vault in Llantrisant South Wales.

Furthermore RMAU makes use of bars made from recycled gold. A portion of the ETC’s custodied gold is 100% recycled gold bars. The greenhouse gas emission from recycled gold bars is more than 90% lower than that of non-recycled.[4] Partnering with The Royal Mint allows the ETC to have a greater degree of control over its supply chain implemented by its in-house Supply Chain Management team thus ensuring that a portion of RMAU’s gold bars held in custody are made from recycled gold. [5]

Established over 1100 years ago The Royal Mint is the oldest organisation in the UK and the original maker of world-class precious metals products. The brand is synonymous with trust and quality craftsmanship and The Royal Mint is known globally for producing market-leading gold silver and platinum bullion coins and bars. The Royal Mint is committed to upholding the highest ethical standards and only work with precious metals suppliers who share their values and comply with their strict criteria.

Andrew Dickey Director of Precious Metals at The Royal Mint comments: “Responsible sourcing is an integral part of The Royal Mint’s ambition to be a leader in the production of sustainable precious metals and we are taking action to reduce our reliability on mined materials through a number of initiatives including our responsibly sourced ETC. We’re delighted that our ETC will reflect this with the name change and we hope that investors with a keen eye on sustainability within their portfolio will find this an attractive option.”

Hector McNeil co-CEO and co-Founder of HANetf comments: “RMAU is a unique way to gain gold exposure not only are its gold bars 100% in compliance with the LBMA’s 2019 Responsible Sourcing guidelines but a portion of the gold custodied is recycled. This reflects the Royal Mint’s strong commitment to ESG. We believed the ETC should also have a name that reflects this.

In just two years since listing the ETC has seen its assets reach $600 million with AUM growth in 2022 over 100%. Partly that reflects the broad macro environment in which gold is seen as a favourable asset. However we also believe it reflects a growing desire among investors to gain access to this vital asset class in a more sustainable way.”

When you invest in ETFs your capital is at risk.