Trade in gold ETCs to rise by 60% this year, says Deutsche Bank

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Physically backed gold ETCs are set to grow

Trade in physically backed gold exchange-traded commodities (ETCs) is set to increase by 60% in the next year despite commodities being the worst-performing asset class of 2010, according to Deutsche Bank at its ETC Roadshow on September 9. Deutsche launched its ETC platform in February this year and has since issued 29 products. From public distribution in six countries, the bank has seen assets under management (AUM) of €370 million at the end of August 2010. "We see big growth rates i