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ETF Partnership with Global X

18 March 2024

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ETF Partnership with Global X**
ABC Bullion is proud to partner with Global X, Australia’s leading precious metal ETF issuer, on their ASX listed gold ETF range. This partnership encompasses two key features that ABC Bullion offer to the Global X gold ETF range:

  1. Redemption partnering

  2. Preferred supplier status

Redemption Partnering
Investors in Global X gold ETFs can choose to redeem their holdings for physical bullion through ABC Bullion, rather than simply selling their holdings for cash.

The redemption process works as follows:

  • Investors open an active trading account with ABC Bullion (there is no charge for this).

  • Investors fill in a form to transfer their holdings in a Global X Gold ETF to ABC Bullion.

  • ABC Bullion credit the equivalent amount of gold into the ABC Bullion account the investor owned.

  • The investor can then arrange to redeem their holdings in physical gold (they can select any gold product ABC Bullion sell), and either arrange to collect, or have the metal delivered to them*.

*Fabrication and delivery fees will apply.

The amount of gold ABC Bullion will credit into the investors account depends on the ‘metal entitlement’ of the investors ETF holdings on the day the transfer is complete. Metal entitlements are published at globalxetfs.com.au.

So for example, if an investor owns 100 units in a Global X Gold ETF, and each unit is worth 0.05 ounces of gold, then the investor will have 5 ounces of gold transferred into their ABC Bullion account.
 
Preferred Supplier
ABC Bullion, through our LBMA, CME and SGE accredited sister company ABC Refinery, is also a preferred supplier to the Global X gold ETF range.

More than 3 tonnes of ABC Bullion branded 400oz gold bars, worth more than AUD $300 million, stored in the bank vaults of JP Morgan as backing for these products.

This gold is almost exclusively provided by Australian gold miners.

About Global X
Global X are one of Australia’s leading ETF issuers. A Member of Mirae Asset Management, they have been at the forefront of the Australian ETF industry for over two decades, launching the first ever gold ETF, ASX:GOLD, back in 2003.

They remain Australia’s leading precious metal ETF issuer, with ETFs covering gold, silver, platinum and palladium. Global X offer more than 50 ETFs in total to Australian investors, with assets under management of more than AUD $6 billion.