Politics

HANetf’s assets under management pass US$300mln as investors flock to Royal Mint gold fund

ETF specialist HANetf has seen its assets under management break through the US$300mln mark as investors have flocked to the physical gold fund it runs for the Royal Mint.

HANetf creates white label ETFS (exchange traded funds) for investment groups in Europe across a whole range of strategies, with the Royal Mint Physical Gold ETC (RMAU) the largest fund on its platform.

Following its launch in February, RMAU now has more than US$250mln invested, which has helped total assets managed by HANetf rise to US$327mln at 27 April.

HANetf added it currently has five asset management clients and seven ETFs/ETCs and is in discussion with over 50 more about entering the European UCITS exchange traded product space

RMAU was launched in February with gold held in the vaults of The Royal Mint in Wales.

The Mint provides delivery of gold in the form of bars or bullion coins if clients want physical ownership.

Hector McNeil, co-founder and co-chief executive, said: “RMAU has proved a fantastic success but what is also encouragRead More – Source