ETF Securities introduces GBS, the world’s first physically-backed gold ETP, to Belgium
ETF Securities, one of the world’s leading, independent providers of Exchange Traded Products (ETPs), has launched Gold Bullion Securities (GBS), the world’s first physically-backed gold ETP on the Brussels market of NYSE Euronext. The company has also passported a full range of broad, sector and single commodities, and currency investment solutions, further reinforcing its commitment to the Belgian market.
GBS was first listed in London in 2004 and is among the most actively-traded ETPs in Europe by volume, with current AUM of US$4.5 billion . Most recently ETF Securities partnered with The Royal Mint of Great Britain to offer investors the opportunity to exchange securities in GBS for Britain’s pre-eminent, investment grade bullion coins, thereby linking the popularity of the gold coin market with the transparency and efficiency of gold ETPs.
The UCITS eligible GBS is designed for investors who seek liquid exposure to physical gold and was listed on Euronext Brussels following an increased demand from Belgian investors wishing to hold gold as part of a broader and more diversified portfolio.
Securities issued by the Issuers may be structured products involving a significant degree of risk and may not be suitable for all types of investor. The price of any securities may go up or down and an investor may not get back the amount invested.
Commenting on the outlook for gold, Nicholas Brooks, Head of Research, ETF Securities said:
“Gold is a unique asset and long-term wealth preserver. Over the centuries, while some government-created currencies have either disappeared or seen massive declines in their real purchasing power as governments have monetized their debt, gold has held its value. It is this characteristic of gold, more than any other, that causes investors with long-term time horizons to hold gold as fundamental part of their portfolios. With developed economy debt levels currently at historically high levels and growing, the need for insurance against the temptation of debt monetization and currency debasement have never been higher.”
ETF Securities has also made over 100 ETPs available to Belgian investors, including its full range of physically-backed precious metals, single commodities and currency ETPs, which provide investors with long, short and/or leveraged exposure to the world’s currency markets.