Investors are benefitting from fierce competition in the gold exchange-traded commodity (ETC) space after Norilsk Nickel became the latest issuer to cut the fee on its precious metal strategy.
The mining company, which entered the European ETF market in January, has reduced the fee on its $15m GPF Physical Gold ETC (TAUS) from 0.145% to 0.12%, making it the cheapest gold ETC available in Europe.
Fees have fallen dramatically across gold ETCs over the past 18 months. Invesco was first to move in February 2020 when it reduced the cost of its Invesco Physical Gold ETC (SGLD) by five basis points to 0.19%.
DWS, Invesco, BlackRock and WisdomTree currently all have gold ETCs that charge 0.15% but TAUS has undercut them by three basis points.
Through its Global Palladium Fund (GPF), Norilsk Nickel offers exposure to six physically-backed metal ETCs.
- GPF Physical Gold ETC (TAUS)
- GPF Physical Silver ETC (TAGS)
- GPF Physical Platinum ETC (TPLT)
- GPF Physical Palladium ETC (TPAL)
- GPF Physical Copper ETC (TCOP)
- GPF Physical Nickel ETC (TNIK)
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