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WisdomTree Physical Gold - EUR Daily Hedged

WisdomTree Physical Gold - EUR Daily Hedged is designed to track the MS Long Gold Euro Hedged Index (the "Index"). The product enables EUR investors to gain exposure to the gold spot price with a daily currency hedge against movements in the EUR/USD exchange rate.

WisdomTree Physical Gold - EUR Daily Hedged is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. WisdomTree Physical Gold - EUR Daily Hedged is backed by physical allocated gold held by JP Morgan Chase Bank, N.A. and the provision of a daily currency hedge by a FX counterparty. Only metal that conforms to 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.

*Formerly ETFS EUR Daily Hedged Physical Gold

Fund Overview
Base Currency EUR
Currency hedged Yes
Daily Change -0.57%
Leverage Factor N/A
Metals Lending No
Physical delivery No
Price (NAV) €10.04
Underlying Exposure Physically backed with allocated metal subject to LBMA rules for Good Delivery and daily rolled currency forwards
Vault Inspector Inspectorate International (Vault inspected 2x per annum)
Vault Location London
Net Asset Value As of 27 Mar 2020
NAV €10.04
Daily Change -€0.06
Daily Return -0.57%
Total AUM of fund €288,786,787.15
Shares Outstanding 28,764,792
Domicile Jersey
Replication method Physical - backed by bullion
Home domicile regulator Jersey Financial Services Commission
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
Sharia compliant No
Securities regulator Financial Conduct Authority (FCA UK)
SIPP Eligible
UCITS Eligible Eligible
Key Service Providers
Custodian JPMorgan Chase Bank, N.A.
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer WisdomTree Hedged Metal Securities Limited
Registrar Computershare Investor Services (Jersey) Ltd
Counterparty Morgan Stanley & Co. International plc
MER 0.39%
Daily Swap Rate 0.00044%
Entry / Exit fees None when traded on Exchange
Passported Countries
Austria Austria
Denmark Denmark
Spain Spain
United Kingdom

Listings & Codes

Listings & Codes

i The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.

Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV. Historical performance is not an indication of future performance and any investments may go down in value.

Live Prices

Index Details

MS Long Gold Euro Hedged Index


Each individual GBSE security has an effective entitlement to gold. That entitlement is (i) adjusted by the currency hedge (upwards or downwards depending on currency movements) and (ii) reduced by the management fee and hedging costs. As a result, there is no cash component and the security maintains a direct relation to the value of the underlying precious metal in the relevant currency. The currency hedge is provided through arrangements with a FX counterparty (Morgan Stanley & Co International plc) who provide, on an unfunded basis, exposure to the Index which tracks in gold terms movements in the EUR/USD exchange rate. Authorised participants create and redeem GBSE securities by delivering or receiving gold that conforms to LBMA Good Delivery standards. GBSE securities are traded on exchange at a price that is based on the spot price of gold multiplied by the applicable metal entitlement.


Index Details

Index Details
Index Name MS Long Gold Euro Hedged Index
Index Provider MSPM
Index Constituent Count 1
Currency EUR
Bloomberg Ticker MSCEGLDE
Reuters Index Ticker .MSCEGLDE
Index Website
Security 27 Mar 2020
1. Physically backed with allocated metal subject to LBMA rules for Good Delivery 100.00%
The products discussed in this document are issued by WisdomTree Hedged Metal Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.

Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Morgan Stanley & Co International plc, Morgan Stanley & Co. LLC and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of Morgan Stanley & Co International plc, Morgan Stanley & Co. LLC and JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.

The Morgan Stanley Indices are the exclusive property of Morgan Stanley & Co. LLC ("Morgan Stanley"). Morgan Stanley and the Morgan Stanley index names are service mark(s) of Morgan Stanley or its affiliates and have been licensed for use for certain purposes by WisdomTree Management Jersey Limited in respect of the securities issued by the Issuer. The securities issued by the Issuer are not sponsored, endorsed, or promoted by Morgan Stanley, and Morgan Stanley bears no liability with respect to any such financial securities. The prospectus of the Issuer contains a more detailed description of the limited relationship Morgan Stanley has with the Issuer and any related financial securities. No purchaser, seller or holder of securities issued by the Issuer, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.