Xetra-Gold

Xetra-Gold is an exchange-traded commodity (ETC) issued by Deutsche Börse Commodities GmbH as a bearer note fully backed by physical gold. Launched in late 2007 and domiciled in Germany, it tracks the LBMA Gold Price PM in EUR per ounce, providing investors with exposure to gold prices through a passive, physical replication strategy. Each note represents one gram of gold, stored by the issuer, granting holders the right to physical delivery upon request, which underscores its unique redeemability feature distinguishing it from typical gold funds. With assets under management exceeding 22 billion euros, Xetra-Gold operates with a low total expense ratio of 0.00% to 0.36% and trades in euros without currency hedging. Denominated in EUR and accumulating any distributions, it serves as a cost-efficient, liquid instrument for participating in the global precious metals market, particularly gold, enabling seamless exchange trading akin to shares. Its structure enhances accessibility for European investors seeking commodity diversification.