Xetra-Gold most successful ETC on Xetra for past five years
Highest average turnover in ETC segment / New website to coincide with 5th birthday
Deutsche Börse Commodities: Xetra-Gold (ISIN: DE000A0S9GB0) has been the most frequently traded Exchange Traded Commodity (ETC) on Xetra since its launch on 14 December 2007. With an average monthly turnover of €164.9 million, Xetra-Gold accounts for around 25 percent of Deutsche Börse's total ETC turnover. The issuer is Deutsche Börse Commodities GmbH, a joint venture between Deutsche Börse, five banks (Commerzbank, Deutsche Bank, DZ Bank, B. Metzler seel. Sohn & Co. and Swiss bank Vontobel) and gold producer Umicore.
Xetra-Gold represents the spot price of one gram of gold and is also backed by physical gold. Trading in small quantities is highly liquid, with a spread of 10 basis points or lower. Deutsche Börse Commodities GmbH currently holds 53.3 tonnes of gold worth over €2.3 billion.
Xetra-Gold reached its peak of €44.28 on 28 September 2012, and its low since launch of €17.15 on 15 August 2008. It recorded its highest daily turnover of €107.9 million on 10 August 2011. August 2011 also saw Xetra-Gold's highest monthly turnover – a total of €899.7 million. The lowest monthly turnover was recorded in May 2008 (€24.8 million).
“Investors were convinced by Xetra-Gold from day one, which we are very pleased about,” said Martina Gruber, managing director at Deutsche Börse Commodities GmbH. “We have five turbulent years behind us, in which our product fared very well. Xetra-Gold is and will remain the easiest way to invest and trade in gold. We have launched the new website xetra-gold.com to mark our fifth birthday. Investors can find all the information they need on our product, the latest price of gold and much more.”
Deutsche Börse’s ETC segment product range currently comprises 269 instruments. The monthly trading volume of ETCs on Xetra averages around €700 million.
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.