The Global Palladium Fund (GPF) has an-nounced it launched the world’s only physically-backed copper and nickel Exchange Traded Commodities (ETCs) on the London Stock Exchange (LSE).
The new products are “priced with annual total expense ratios (TERs) of 0.85% and 0.75% respectively, making them the most cost-effec-tive way for European-based investors to achieve exposure to the metals through an exchange traded product, as they seek to take ad-vantage of the energy transition megatrend,” the fund said in a state-ment.
The GPF said the listings follow the launch of “physically-backed, low-cost gold, silver, platinum and palladium ETCs earlier this year.”
Set up by Russia’s MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, the GPF is based in London, the UK.