Dynamic for traders. Valuable for investors.
Invest in silver – physically backed as an ETC.

Invest now*

* An investment in an Exchange Traded Commodity (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.

EUWAX Gold Nugget

Key Facts

Issuer Boerse Stuttgart Commodities GmbH
ISIN DE000EWG2AG3
WKN EWG2AG
ETC currency USD
Currency hedging No
Minimum tradable unit 0,001 units
Replication 100% physical
Underlying 1 fine ounce of silver meeting LBMA requirements
Metal storage locations United Kingdom
Deliverable Yes
Domicile Germany
Legal form Bearer bond
Product type ETC
Term Open-ended
Launch date -
First price -

Factsheet

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

Download PDF
More downloads

Product features

01

100 % physically backed

LBMA Good Delivery standard.

02

Listed on a German exchange

tradable on every trading day.

03

German issuer

Prospectus under German law.

04

High-security storage

in the United Kingdom.

05

Generally no tax deduction

On sale after a holding period of 12 months.*

*Based on current case law. Not tax advice.

Risks

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

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

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

WKN EWG2AG

Quotes

EUWAX Silver Core on Börse Stuttgart in EUR

---
  • Bid
  • ---
  • ---
  • Ask
  • ---
  • ---
Buy Savings plan setup
Spread (abs./rel.)
--- / ---
Change
---
Day high (price)
---
Day low (price)
---
Daily turnover Börse Stuttgart (units / EUR)
--- / ---

* An investment in an Exchange Traded Commodity (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.

WKN EWG2AG

EUWAX Silver Core chart

NAV in USD

EUWAX Silver Core Chart
Download factsheet

WKN EWG2AG

Product details

Net asset value (NAV)

Date - –
NAV - USD
NAV change vs. previous day - –
Product AuM - USD
Number of ETC units outstanding - –
Silver holdings - fine ounces
Metal entitlement - fine ounces

Costs

Transaction fees the usual transaction costs for exchange trading in securities, plus your own bank's fees
Annual ongoing costs 0,19 %
Additional annual custody fees 0 %
Additional delivery fees Delivery costs are borne by the investor

Service partners

Paying agent Société Générale S.A. Zweigniederlassung Frankfurt am Main
Custodian (physical silver) HSBC Bank plc
Custodian (securities) Clearstream Europe AG
Calculation agent HSBC Securities Services (Ireland) DAC
Authorised Participants Flow Traders B. V., HSBC Bank plc
Delivery agent C. Hafner GmbH & Co. KG

Legal and tax

Home regulator (prospectus) Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
UCITS-eligible -
Sharia-compliant -
Capital gains tax* After a holding period of 12 months, the custodian bank generally does not deduct tax on sale

Distribution approvals

Approved countries Germany, Luxembourg, Austria

Trading venues

Country Germany Germany
Exchange Xetra Börse Stuttgart
Trading currency EUR EUR
Listing date - -
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 silver details

  • London Bullion Market Association (LBMA)

    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 and awards Good Delivery status. The LBMA works continuously to make the precious metals market more transparent. Key measures were successfully implemented in 2012, 2018 and 2019.

  • Introduction of the Responsible Sourcing Programme

    In 2012, the LBMA introduced the Responsible Sourcing Programme, which follows a due diligence process in line with the OECD Guidelines. All Good Delivery refineries wishing to trade via the London bullion market must comply with the Responsible Gold Guidance. These refineries are audited annually by independent certification bodies and must provide evidence that the precious metal traded is conflict-free.

  • Extension to silver

    In 2018, the Responsible Sourcing Programme was extended to silver. The newly introduced Responsible Silver Guidance is deliberately aligned with the existing Responsible Gold Guidance and enables multi-metal audits. All silver refineries on the Good Delivery List are therefore subject to the same strict compliance and transparency requirements as gold refineries.

  • Extension of the criteria

    Since 2019, the standard has been extended to include further criteria, adding social and environmental aspects to the sourcing process and promoting responsible conduct by refineries. For all EUWAX Silver Core bearer bonds in circulation, the issuer deposits physical silver of corresponding value with the custodians. The silver is stored in high-security vaults in the United Kingdom. The rights to the stored silver are, in principle, held by the issuer. Investors do not own the stored silver; instead, they hold a securitised claim to delivery against the issuer.

FAQs

EUWAX Silver Core (WKN: EWG2AG) is a physically backed silver ETC issued by Boerse Stuttgart Commodities GmbH. The ETC makes it easy to invest in physical silver on every trading day – directly through your own securities account.

With EUWAX Silver Core, Boerse Stuttgart Commodities is expanding its product family to include a physically backed silver investment. The same basic principles apply to EUWAX Silver Core as to the gold ETCs: German issuer, German law, physical backing and storage in high-security vaults.

Silver combines the characteristics of an investment metal and an industrial metal. While gold is primarily used as a store of value, a significant share of silver production goes into industrial applications such as photovoltaics, electronics and medical technology. This additional source of demand can increase the return potential, but also leads to higher volatility compared with gold.

[To be added after final product approval and tax classification.]

[To be added once the delivery terms have been defined.]

[To be added once the final cost structure has been set.]
More FAQs

Convinced?

Invest in physically backed silver now.

Invest now*

* An investment in an Exchange Traded Commodity (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.