WisdomTree Physical Gold - GBP Daily Hedged 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.WisdomTree Physical Gold - GBP 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 - GBP 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 Associations (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated..