Xetra-Gold Achieves New Record Turnover of 3.7 Tons in One Week
Gold reserve at Deutsche Börse Commodities increases to over 45 tons/ Xetra-Gold is by far Germany’s top-performing ETC
Deutsche Börse Commodities: In the first five trading days of May, Xetra-Gold achieved new records for cash inflows, order book turnover and market share. From 3 until 7 May, Deutsche Börse Commodities turned over a total of 3.7 tons of gold with its Xetra-Gold bearer bond, which is physically backed by the precious metal. As of last Friday, the gold reserve of this issuer had increased to 45.1 tons.
Over the entire period, transactions conducted by Xetra-Gold investors at Germany’s trading venues have reached a volume of €101.8 million. €95.2 million of that volume is attributable to Xetra (93.6 percent).
Currently, 171 commodities are traded in Deutsche Börse’s ETC segment. Xetra-Gold is exchange-traded commodity with by far the highest turnover. Last week, the market share of Xetra-Gold related to all commodities traded on Xetra was 40.2 percent.
Since the launch of Xetra-Gold in December 2007, the first week in May 2010 has been the best ever week for Xetra-Gold turnover (3.7 tons). March 2010 has been the top-performing month since the launch of the product, with around 3.5 tons of gold. In the same month, Xetra-Gold broke the one billion euro mark for assets under management. So far, 30 September 2008 was the best day ever for gold turnover, with a total of 1.6 tons recorded on this day alone.
About Xetra Gold
The Xetra-Gold bond (ISIN: DE000A0S9GB0) combines the advantages of physical gold with the transparency and low costs of exchange-trading of securities. There is no ongoing management fee. Each bond represents the option of delivery of one gram of gold and can be bought or sold continuously via the Xetra trading platform. Clearstream Banking Frankfurt (CBF), a Deutsche Börse subsidiary, stores the gold in its vault. The physical gold is supplied, monitored and processed by industry partner Umicore AG & Co. KG. The safe custody of the gold reserves at Clearstream meets high security standards and saves investors the costs of transporting and physically storing the gold. Private investors can obtain the underlying gold in physical form from their bank if desired. The physically backed debt instrument Xetra-Gold was admitted for trading in December 2007 and has since become the commodity with the highest turnover of all commodities listed and traded on the Frankfurt Stock Exchange. While Xetra-Gold was initially purchased by predominantly private investors, there is now increasing interest among institutional investors too. The product meets the provisions of the European UCITS directive. www.deutsche-boerse.com/xetra-gold
About Deutsche Börse Commodities GmbH
The issuer, Deutsche Börse Commodities GmbH, based in Frankfurt, is a joint venture between Deutsche Börse AG and the banking partners Commerzbank AG, Deutsche Bank AG, DZ Bank AG, B. Metzler seel. Sohn & Co. KGaA, and Swiss-based bank Vontobel. Umicore AG & Co. KG, a Group subsidiary of Umicore s.a. which operates several gold refineries across the globe and manufactures gold bars, is also a partner. The partners bundle their stock exchange, financial market, settlement, custody and logistics expertise and provide an efficient and transparent market in the financial centre of Frankfurt for gold trading in Europe.
Xetra® is a registered trademark of Deutsche Börse AG.