ETCs provide access to performance of gold and palladium
Two new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday.
The BNPP Gold ETC enables investors to participate in the performance of the precious metal gold, and the BNPP Palladium ETC tracks the performance of the precious metal palladium. Each ETC is based on the cash price in US dollars for a troy ounce (31.1035g) of the underlying precious metal.
ETC name: BNPP Gold ETC
ISIN: DE000PS7G0L8
Management fee: 0.99%
Benchmark: Gold
ETC name: BNPP Palladium ETC
ISIN: DE000PB8PAL7
Management fee: 0.99%
Benchmark: Palladium
Deutsche Börse’s product range in the ETF and ETP segment currently comprises 1,152 ETFs, 202 ETCs and 132 ETNs.