Xetra-Gold again the ETC with the highest turnover on Xetra in 2013
Interest in exchange-traded gold products remains high
Deutsche Börse Commodities: Xetra-Gold from Deutsche Börse Commodities GmbH remains by far the most traded ETC on Xetra, as in previous years. Trading volume was around €1.7 billion in 2013. Xetra-Gold (DE000A0S9GB0) alone thus accounted for a good 28% of all ETC trading. db Physical Gold Euro Hedged ETC (DE000A1EK0G3) took second place and db Physical Gold ETC (EUR) (DE000A1E0HR8) took third. This means that the three top ETCs in 2013 were all gold products – just like in the previous year.
“Although the gold price fell sharply in 2013, exchange traded gold products continued to experience strong demand. Many investors probably used the low prices to enter the market. Amongst all the gold ETCs Xetra-Gold excelled with the highest trading revenues. Investors value this simple, flexible and safe way of participating in the performance of the gold price,” said Martina Gruber, managing director at Deutsche Börse Commodities GmbH.
As a result of the low gold price, the assets under custody decreased during 2013. 45.5 tonnes of gold were stored in the German central vault for securities at the end of December. This equates to assets under custody of around €1.3 billion.
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 product meets the provisions of the European UCITS directive.
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. With just one product, Deutsche Börse Commodities GmbH is the second largest issuer of ETCs/commodity certificates traded on stock exchanges in Germany.
Xetra® and Xetra-Gold® are registered trademarks of Deutsche Börse AG.