Xtrackers Physical Gold ETC (EUR)

Xtrackers Physical Gold ETC (EUR) is an exchange-traded commodity (ETC) that provides investors with direct exposure to the spot price movements of physical gold, denominated in euros. Launched on 27 August 2010 by issuer DB ETC plc, it is fully backed by allocated London Good Delivery gold bars stored in secure vaults in London, ensuring physical replication and tangible security. Each ETC security entitles holders to a specified metal entitlement, typically starting at 1/10 Troy Ounce, with the value determined by the gold spot price minus a low annual product fee of 0.25% p.a.. Managed by DWS with custodians like Deutsche Bank AG and JP Morgan, it features segregated accounts and limited recourse to its ring-fenced gold collateral, enhancing investor protection.. This ETC plays a key role in European markets by offering liquidity through intraday trading on exchanges like Xetra, convenience over physical gold ownership, and diversification as a non-correlated asset against equities and bonds. With over €2,500 million in assets under management, it serves as a straightforward hedge against inflation and currency risks for both retail and institutional investors seeking stability in volatile conditions..