The main objective of this fund is to provide investors with a predetermined claim under specified conditions. The product has no fixed term and can be exercised at any redemption date by submitting a written declaration within the redemption period.
Fund Exposure
This fund is exposed to the price movements of gold, with the underlying asset being gold (GOLDS) priced in USD. The fund's performance is linked to the reference price determined by The London Bullion Market Association (LBMA) afternoon fixing.
Risks
While the product is secured in terms of credit risk, it does not offer any capital protection. The redemption amount is subject to daily adjustments based on the reference price, multiplied by the conversion ratio and converted into the fund's currency. In the event of extraordinary circumstances, the issuer may adjust or terminate the product, potentially resulting in a lower return than initially invested.