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EUWAX Gold (EWG0LD) – Gold ETC with No Ongoing Costs

EUWAX Gold

Physically backed gold with no ongoing product costs

Each bond securitises 1 gram of gold. Tradable in EUR, with free delivery from 100 g within Germany.

Learn more

An investment in an Exchange Traded Commoditiy (ETC) involves risks. Investors may not get back the capital originally invested, or may get back only part of it. A more detailed discussion of the potential risks of the ETC can be found in the "Risk Factors" section of the securities note and the registration document. The past performance of the ETC is no indication of future returns. The future performance of the ETC is not guaranteed.

Key Facts

Issuer Boerse Stuttgart Commodities GmbH
ISIN DE000EWG0LD1
WKN EWG0LD
ETC currency EUR
Currency hedging No
Minimum tradable unit 0,001 units
Replication 100% physical
Underlying 100 grams of gold
Gold storage locations Germany
Deliverable Yes, from 100 grams and whole multiples thereof
Domicile Germany
Legal form Bearer bond
Product type ETC
Term Open-ended
Launch date 15 August 2012
First price 42,23 EUR (first price on 15 August 2012 at 12:00)

Key Information Document

Essential information about the investment product, its risks and costs.

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Product features

01

100 % physically backed

Each bond securitises 1 gram of gold from a 100-gram gold bar.

02

No ongoing costs

No ongoing product costs, no custody fees charged by the issuer, no insurance costs.

03

Tradable in Stuttgart

Tradable on every trading day from 07:30 to 22:00

04

High-security storage

The gold is stored exclusively in Germany, in the high-security vaults of a globally operating custodian.

05

Free physical delivery

From 100 g and whole multiples thereof within Germany.

Risks

Buying the EUWAX Gold bearer bond involves issuer risk. Losses may occur if the issuer becomes insolvent.

The gold price is subject to fluctuations and may also fall over longer periods. The investor may suffer a total loss of the capital invested.

The gold price is quoted internationally in USD. Movements in the EUR/USD exchange rate indirectly affect the product's EUR price.

Market-related events and adverse market developments that lead to a total loss of the invested capital cannot be ruled out.

WKN EWG0LD

Quotes

EUWAX Gold on Boerse Stuttgart in EUR

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Spread (ABS./REL.)
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Day high (price)
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Day low (price)
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Daily turnover Boerse Stuttgart (units / EUR)
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WKN EWG0LD

EUWAX Gold chart

NAV in EUR

EUWAX Gold chart

WKN EWG0LD

Product details

Net asset value (NAV)

Date - –
NAV - EUR
NAV change vs. previous day - –
Product AuM - EUR
Number of ETC units outstanding - –
Gold holdings - Kilograms

Costs

Transaction fees The usual transaction costs for exchange trading in securities, plus your own bank's fees
Annual ongoing costs 0 %
Additional annual custody fees 0 %
Additional delivery fees None, provided the delivery amounts to 100 grams or a whole multiple thereof, takes place within Germany, and the conditions of the securities prospectus are met

Service partners

Paying agent Société Générale S.A. Zweigniederlassung Frankfurt am Main
Custodian (physical gold) Brink’s Global Services
Custodian (securities) Clearstream Europe AG
Calculation agent C. Hafner GmbH & Co. KG
Authorised Participants/Market Maker EUWAX AG
Delivery agent C. Hafner GmbH & Co. KG

Legal and tax

Home regulator (prospectus) Federal Financial Supervisory Authority (BaFin)
UCITS-eligible -
Sharia-compliant -
Capital gains tax* -

Distribution approvals

Approved countries Germany

Trading venues

Country Germany
Exchange Boerse Stuttgart
Trading currency EUR
Listing date 15.08.2012
Disclaimer

* This information does not constitute tax or other advice. If necessary, you should seek independent tax, legal or other professional advice to ensure that this ETC is suitable as an investment in light of your individual circumstances and needs.

Physical gold details

  • London Bullion Market Association (LBMA) – basic standard

    The London Bullion Market Association (LBMA) is an organisation that regulates the international trade in gold and silver bars and sets globally recognised trading standards. It is one of the most important institutions in the precious metals industry. For EUWAX Gold bonds issued before 2019, only the LBMA standard applies, without the later Good Delivery status. The gold stored for EUWAX Gold is therefore not subject to the extended criteria introduced from 2019 onwards.

  • Extended criteria not included

    Unlike gold products issued after 2019, issues made before 2019 do not include:

    • The Responsible Sourcing Programme
    • The extended criteria for social and environmental aspects (2019)
    • Full LBMA Good Delivery status

  • Custody and security

    For all EUWAX Gold bearer bonds in circulation, the issuer deposits physical gold bars of corresponding value with the custodian. One bond securitises 100 grams of gold. The gold is stored exclusively in Germany, in the high-security vaults of a globally operating custodian. The physical gold backing is neither lent out nor used as collateral. The physical gold is insured against loss up to an appropriate amount of 150 million EUR per calendar year.

  • Ownership rights and delivery

    The rights to the stored gold are, in principle, held by the issuer. Investors do not own the stored gold; instead, they hold a securitised claim to delivery against the issuer. EUWAX Gold incurs no ongoing product costs – the metal entitlement per bond remains constant. Physical delivery within Germany is possible from 100 grams (or a whole multiple thereof) without any additional issuer fee.

FAQs

EUWAX Gold (WKN: EWG0LD, ISIN: DE000EWG0LD1) is a bearer bond issued by Boerse Stuttgart Commodities GmbH. Each bond securitises 100 grams of gold. The product is 100 % physically backed and denominated in EUR.

No. EUWAX Gold has no ongoing product costs, no custody fees charged by the issuer and no insurance costs. You only pay the usual transaction costs when buying and selling through your custodian bank. Investors should note that entry costs and spreads may be higher than for EUWAX Gold Core.

Delivery within Germany is free of charge from 100 grams (or a whole multiple thereof). Details can be found in the price list and the final terms at www.bscommodities.de.

The gold is stored exclusively in Germany, in the high-security vaults of a globally operating custodian.

EUWAX Gold is traded and settled in EUR. For investors whose home currency is the euro, there is no direct exchange rate risk. However, as the gold price is quoted internationally in USD, movements in the EUR/USD exchange rate indirectly affect the product's EUR price.

EUWAX Gold is designed as a long-term buy-and-hold product: no ongoing costs, denominated in EUR, gold stored exclusively in Germany, and free delivery from 100 g. EUWAX Gold Core is aimed at investors who value high liquidity, tight spreads and international storage locations – with low ongoing costs of 0,25 % p.a. For EUWAX Gold, your custodian bank will generally withhold capital gains tax on profits. For EUWAX Gold Core, your custodian bank generally does not deduct tax after a holding period of 12 months.*

*Tax treatment depends on individual circumstances and may change. This information is not tax advice. Please consult your tax adviser for an assessment of your individual situation.

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