Global Palladium Fund launches competitively priced physically-backed metal exchange traded commodities (ETCS) on Swiss stock exchange

  • First to use Blockchain to record metal bars to provide highest level of security
  • Strong focus on ESG

Zug, Switzerland – June 15, 2021 ­­– Global Palladium Fund (GPF), which was founded in 2016 by Norilsk Nickel, the diversified mining company, today launched its four physically-backed metal Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX).  The ETCs have some of the lowest charges in the European marketplace with total expense ratios (TER) ranging from 0.145%to 0.20%.

Alexander Stoyanov, Chief Executive Officer of GPF said: “This is the third listing of our physically backed metal ETCs which are the first to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to the Issuer.  Furthermore, the digitalization of commodities means that the source of underlying metals can be traced and the way they were produced captured, along with their ESG credentials – this is of growing importance to institutional investors.”

In January this year these ETCs were launched when issuer Ridgex listed them on Deutsche Börse and London Stock Exchange.  Targeting wealth managers, institutional and other professional investors, the new physically-backed gold, silver, platinum and palladium ETCs track the spot price of the respective metals they cover. 

GPF physically custody metal in Switzerland and London and is the first issuer to use Blockchain technology to record bar information into Distributed Ledger Technology, thereby providing an extra layer of security and proof of ownership to all market participants: as an issuer as well as an investor.

The ETCs also have a strong focus on ESG. LBMA-approved metal will be sourced when possible from producers and suppliers who support the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.

NTree International Ltd, a specialist in marketing, and investor engagement, is leading the rollout of the products.  NTree has set up a dedicated brand, Metal.Digital as an education resource for professional investors with a focus on metals.

Timothy Harvey, Chief Executive Officer and Founder of NTree, said: “We are seeing a growing appetite across Europe for precious and industrial metals because of the possible metals commodities super-cycle. The launch of Global Palladium Fund’s ETCs on SIX enables access to physical metals at low cost and bolstered strong ESG commitment and Blockchain technology.

For further information, visit:

ETCSIX/LSE TickerXetra Ticker
GPF Physical Silver ETCTSLV0IIB
GPF Physical Palladium ETCTPAL0IID
GPF Physical Platinum ETCTPLT0IIC

Sustainably sourced

Good Delivery Rules’ set by LBMA, LPPM, and LME for precious and base metals are universally acknowledged as the de facto international standard for due to the strict criteria that apply to responsible mining operations and protection of human rights.

LBMA established the Responsible Gold Guidance for Good Delivery Refiners that follows the five-step framework due diligence of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals.

Global Palladium Fund

The Global Palladium Fund, set up by Norilsk Nickel in 2016, strives to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive industries to help make the world a better place. In an industry first, GPF is enabling industrial consumers and investors access to a range of metals in a variety of formats, including the ETCs. GPF is proud to be supported by Norilsk Nickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland and South Africa.