Nornickel's Global Palladium Fund Lists World's Only Physically Backed Copper and Nickel ETCs on Swiss Stock Exchange

The Global Palladium Fund (GPF), established by MMC Norilsk Nickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has today (29 July 2021) listed the world's only physically-backed copper and nickel Exchange Traded Commodities (ETCs) on the Swiss Stock Exchange (SIX). 

Alexander Stoyanov, Chief Executive Officer of GPF said: "Today's listings mean that an even wider group of investors can now invest in physical copper and nickel and benefit from the low price of our ETCs, enhanced transparency and security, and a sustainable supply source. Both metals not only play a critical role in the growth of green technologies and energy but also strengthen risk-adjusted returns in a diversified investment portfolio."

Targeting family offices, wealth managers, institutional and other professional investors, the new physically-backed copper and nickel ETCs will track the spot price of the metals. The metal backing GPF ETCs is stored in secure warehouses in Rotterdam.  All six of GPF's physically-backed, low-cost metal ETCs, which include gold, silver, platinum and palladium, are now listed on SIX.  

The copper and nickel backing the ETCs is sourced from MMC Norilsk Nickel and other producers and metal suppliers which have confirmed their compliance with the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining. GPF is the only major ETC issuer to make such a pledge.

To strengthen ETC investor security, GPF uses IBM's Hyperledger Blockchain in the custody chain of the metal. This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer.  By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

They are attractively priced with annual total expense ratios (TERs) of 0.85% and 0.75% respectively, making them the most cost-effective way for European-based investors to achieve exposure to the metals through an exchange-traded product, as they seek to take advantage of the energy transition megatrend. Copper and nickel will drive the transition to clean energy as highlighted by the International Energy Agency.

Global Palladium Fund

The Global Palladium Fund was created to make the world's precious, base and rare-earth metals accessible to everyone and to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive. GPF cares about our planet deeply and stands ready to ensure that its resources are spent wisely where they are needed most.

GPF is proud to be supported by Nornickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland, and South Africa. 

Source: Global Palladium Fund

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Categories: Commodities

Tags: Copper, ETC, Global Palladium Fund, Nickel, Nornickel, SIX