Overview
Description
Euwax Gold II is a commodity asset designed to enable efficient investment in physical gold by institutional and retail investors. Primarily issued on the Stuttgart Stock Exchange, this asset provides a cost-effective and secure method of holding gold without needing to physically store the metal by oneself. Euwax Gold II is fully backed by physical gold, meaning each unit of the asset corresponds to a tangible amount of gold stored securely in a vault. This characteristic gives investors the assurance of intrinsic value tied to real precious metal.
Notable for its transparency and simplicity, Euwax Gold II allows for real-time trading and pricing in euros, making it particularly attractive to investors within the Eurozone seeking to hedge against inflation or currency fluctuation. By facilitating access to gold, it plays a vital role in portfolio diversification strategies and acts as a safe-haven asset during periods of economic uncertainty. The asset's intrinsic link to physical gold, combined with its ease of trading, enhances its appeal as a modern financial instrument within the precious metals market.
About
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Instrument type
Mutual fund
Country
Germany
MIC code
XSTU