The Royal Mint Responsibly Sourced Physical Gold ETC
RMAU.L
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- Royal Mint Responsibly Sourced Physical Gold ETC (RMAU.L) provides investors with exposure to the spot price of physical gold through a physically backed exchange-traded commodity (ETC) listed on the London Stock Exchange. Issued by HANetf ETC Securities Plc and sponsored by The Royal Mint, a wholly-owned subsidiary of His Majesty's Treasury with over 1,100 years of history headquartered in Llantrisant, Wales, the ETC launched on February 18, 2020, as the first such product partnered with a European sovereign mint. It offers core services including physical redemption for gold bars and coins from The Royal Mint's range, such as Sovereign and Britannia products; 100% backing by LBMA post-2019 responsibly sourced good delivery gold bars, with over 50% recycled gold and a target of 100% recycled by 2030; secure custody in The Royal Mint's 24/7-guarded vault outside the London banking system; and Shariah-compliant tracking of gold prices in USD, with hedged variants available in GBP (RMAP), EUR, and CHF. The ETC targets institutional and retail investors seeking sustainable gold exposure, diversified custody, and tangible asset benefits without direct storage needs, operating across European markets including the LSE, Deutsche Boerse, and others. In recent developments, RMAU surpassed $1 billion in assets under management in 2024, reflecting a 35% year-to-date increase amid positive net inflows contrasting sector outflows, driven by demand for responsible gold investments. The Royal Mint advanced its sustainability efforts with the 2023 opening of an e-waste recycling plant in Wales, yielding up to 20 times more gold per tonne than ore mining, and a partnership with Quintet Private Bank allocating $170 million to promote recycled gold usage in the ETC. Ongoing independent twice-yearly audits ensure adherence to high responsible sourcing standards.