Helveteq, a Swiss issuer of ESG-transparent investment products, has launched an ETP providing physically backed, carbon-neutral exposure to gold that has been responsibly sourced.
Investors in the ETP can request physical delivery of minted gold bars during redemption.
The Helveteq Swiss Green Gold ETP (AUCO2 SW) has been listed on SIX Swiss Exchange in US dollars.
The ETP tracks the spot price of gold and is 100% collateralized by actual bullion holdings which are securely stored in vaults operated by Austrian bank Raiffeisen. Investors in the ETP can request physical delivery of minted gold bars during redemption.
Helveteq has partnered with precious metals refinery MKS PAMP which has developed large cast gold bars that have been certified carbon-neutral by climate consultancy Carbon Trust and meet the requirements to be used in physically backed Swiss-domiciled investment funds.
The carbon-neutral label reflects that the CO2 emissions generated across the product’s entire value chain, from mining to refining to vaulting, have been independently measured and committed to being reduced each year. Any outstanding emissions are compensated by financing carbon offset projects with positive environmental impacts.
In addition to the carbon-neutral certification, each gold bar is produced in accordance with the London Bullion Market Association’s (LBMA) responsible sourcing guidelines. This ensures that the gold’s extraction meets high ethical standards with respect to provenance, extraction methods, and supply chain integrity.
The ETP comes with an expense ratio of 0.50% and is classified as an Article 9 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).
Helveteq made its ETP debut in April 2022 with the launch of a pair of digital asset ETPs that provide physically backed, carbon-neutral exposure to bitcoin and ether. The Helveteq Bitcoin Zero ETP (BTCO2 SW) and Helveteq Ether Zero ETP (ETH20 SW) are also listed on SIX in US dollars. Each comes with a management fee of 1.69%.