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WisdomTree Physical Gold - GBP Daily Hedged is a UCITS Eligible Exchange Traded Commodity (ETC) designed to offer security holders a simple, cost-efficient and secure way to access Physical Gold currency hedged by tracking the MS Long Gold British Pound Hedged Index. The product enables investors to gain exposure to the movement of Physical Gold spot price, less the applicable management fee, with a daily currency hedge against exchange rate movements. WisdomTree Physical Gold - GBP Daily Hedged is backed by physical, allocated Physical Gold held by JPMorgan Chase Bank, N. A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated. For example, if the MS Long Gold British Pound Hedged Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the MS Long Gold British Pound Hedged Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
- Leverage100
- Currency hedgingNo