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GBSP

ETFS GBP Daily Hedged Physical Gold

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

GBSP 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. GBSP 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.
Fund Overview
Base Currency GBP
Daily Change -0.45%
ISIN JE00B7VG2M16
Leverage Factor N/A
Price (NAV) £7.17
Net Asset Value 14 Dec 2018
NAV £7.17
Daily Change -£0.03
Daily Return -0.45%
Total AUM of fund £134,570,518.78
Shares Outstanding 18,766,626
Structure
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 ETFS Hedged Metal Securities Limited
Registrar Computershare Investor Services (Jersey) Ltd
Counterparty Morgan Stanley & Co. International plc
Fees
MER 0.39%
Passported Countries
Austria Austria
Denmark Denmark
Finland
France
Germany
Ireland
Italy
Netherlands
Norway
Spain Spain
Sweden
United Kingdom

Listings & Codes

Listings & Codes

Performance

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

Live Prices
Index Details

MS Long Gold British Pound Hedged Index

 

Each individual GBSP 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 GBP/USD exchange rate. Authorised participants create and redeem GBSP securities by delivering or receiving gold that conforms to LBMA Good Delivery standards. GBSP 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 British Pound Hedged Index
Index Provider MSPM
Index Constituent Count 1
Currency GBP
Bloomberg Ticker MSCEGLDG
Reuters Index Ticker .MSCEGLDG
Index Website http://www.ms.com/mspm
Security 14 Dec 2018
1. Physically backed with allocated metal subject to LBMA rules for Good Delivery and daily rolled currency forwards 100.00%

DISCLAIMERS

 

This financial promotion has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by WisdomTree UK Limited (“WTUK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority. Any performance data displayed on this site is denominated in the trading currency (unless stated otherwise) and does not reflect movements in the exchange rate between the trading currency and any other currency. Adverse exchange rates can significantly affect the value of your investment if your investment is not denominated in the trading currency. Exchange rate risk should always be considered when analysing performance denominated in another currency. Any benchmark performance information does not illustrate the effect of fees and expenses. This information is historical information. Past performance is not a reliable indicator of future results. Certain information may have been prepared by persons other than WTUK or its affiliates. WTUK (and its directors, employees, officers, agents and affiliates) is not responsible in any way for the content of any such information. Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not a reliable indicator of future performance. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances. Any decision to invest should be based on the information contained in the prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment. None of the index providers referred to herein nor their licensors make any warranty or representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any error or significant delay therein. Securities or shares referred to on this page are not obligations of or guaranteed by any of the counterparties referred to herein or any of their affiliates. Each of the counterparties 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.