UK wrap platform Novia has added Julius Baer's Physical Gold Fund to its platform.
The five-year fund promises 95% capital protection at maturity alongside 100% participation in the performance of the underlying. The listed vehicle is currency-hedged and Nomura International is providing the capital protection.
"The price of gold has surged through the US$1,000 mark and Julius Baer believes it will continue to rise in 2010," said Stephen Moore, executive director, head of sales UK at Julius Baer International. "Concerns over the devaluation of major currencies, especially the US dollar, and inflation, are encouraging investors to seek safe haven investments. Gold is high on their agenda."
The product will be exclusively available on the Novia platform until 19 November 2009. Minimum investment is £10,000.
This product is available now in Recent Additions (UK).