Amundi brings cheapest gold ETC in Europe to London Stock Exchange

Amundi has announced its first exchange traded commodity (ETC) to be listed on the London Stock Exchange will be its physically backed gold product, first listed in Paris and Amsterdam. The Amundi Physical Gold ETC, with a total expense ratio of 0.15%, is the cheapest in Europe and provides investors exposure to gold through a physically backed product held in HSBC's London vault. Investors will have access to a complete list detailing each gold bar with brand, serial number and weight, and the ETC itself is designed with a "swing bar mechanism," which ensures the total amount of gold...