(Finance) – At the end of 2023 the gold reserves of the exchange-traded fund (ETF) Xetra-Gold (ISIN DE000A0S9GB0) I am dropped to 198.7 tons, reduced by 31.5 tons compared to the beginning of the year (when they were equal to 230.2 tons of gold); over a five-year horizon there is an increase of 9.1 tonnes.
“The way our gold reserves have developed in 2023 is caused by one normal reaction of investors to the market environment. The turnaround in interest rates has created new short-term return opportunities. Furthermore, the price of gold in euros was higher than ever. In our view, however, gold remains an attractive long-term investment with stable value and is an essential addition to any well-structured portfolio,” he says Michael KonigCEO of Deutsche Borse Commodities, the issuer of Xetra-Gold.
Xetra-Gold is the fifth largest gold ETF in the world and the main physically guaranteed gold security in Europe. Xetra-Gold’s holdings increase every time investors purchase Xetra-Gold shares on the stock markets. For each share certificate, exactly one gram of gold is deposited in the central vault. At the end of the year, Xetra-Gold’s assets under custody amounted to 11.9 billion euros.
Xetra-Gold investors have right to delivery of physical gold securitized. Since the launch of Xetra-Gold in 2007, investors have availed themselves of this right 1,819 times. To date, 7.9 tonnes of gold have been delivered.
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