Cost-effective and transparent
Xetra-Gold offers investors an optimal and simple opportunity to participate in the performance of the gold market. Furthermore, trading in Xetra-Gold is also very cost-effective:
- In contrast to other securities, neither subscription fees nor management fees incur.
- There are only transaction costs which usually incur for exchange trading when purchasing or selling Xetra-Gold.
- A low spread of an average of 0.1 percent (max. 1 percent) guarantees low transaction costs.
- Nomination in euro and gram makes investing in gold more transparent for European investors.
Trading and exercising
Continuous trading on Xetra
Investors can buy and sell Xetra-Gold® (ISIN DE000A0S9GB0) on trading days between 9.00 a.m. and 5.30 p.m. through the Xetra® trading venue. That means liquid, continuous trading with high transparency on the regulated market of the Frankfurt Stock Exchange.
Deutsche Bank is among the Designated Sponsors which ensure that buy and sell orders within the current bid-ask spread and up to €100,000 are executed immediately. In all market situations, the bid-ask spread of Xetra-Gold may reach a maximum of 1 per cent, which is significantly below that of other gold-based financial products.
Delivery of gold
If an investor asserts his/her right to the delivery of the certificated volume of gold from the issuer, the gold will be transported to the respective point of delivery by Umicore AG & Co. KG, which is responsible for all physical delivery processes. The issuer will also have delivery rights of gold from Umicore AG & Co. KG, as the gold leaf debtor. Investors can find information on delivery and the alternative payment claims that are relevant for investment and insurance companies in the PDF document entitled 'Information on the process for exercising Xetra-Gold'.
Fees & charges
Fees and charges
The usual transaction costs are charged when trading securities in the stock exchange. In the relationship between Clearstream Banking AG, the custodian, and the respective custodian bank of the investor, custody fees are charged per calendar month which until further notice amount to 0.025 per cent of the monthly holding of Xetra-Gold®, which totals 0.3 per cent annually plus VAT. The end customer only pays the amount of custody fees which he/she has agreed upon with the depository bank. If an investor exercises the right to the delivery of the securitised amount of gold against the issuer, the investor will be charged the cost of the forming, packaging and insured delivery of the gold to the respective place of delivery plus any applicable value-added tax. Investors who demand repayment of Xetra-Gold in euro will receive as repayment amount a sum equivalent to the relevant gold market price less a handling charge of Euro 0.02 per share.