UBS gives investors access to Gold
Yet a new ETF was launched by UBS and we calculate its iNAV.
UBS writes: Gold is expected to be the biggest beneficiary of the latest round of liquidity measures launched by the central banks. Therefore, UBS has listed a new Gold ETF on the Swiss stock exchange which gives UCITS compliant investors the possibility to invest in Gold. The UBS-IS Gold ETF (USD) IX is tradeable in US dollars and euros.
The newly-launched UBS-IS Gold ETF (USD) IX, while not allowing the option of redemption in kind, offers cost-effective access to gold for those investors who are obliged to invest in accordance with the European UCITS directives. To enable them to invest in gold while complying with the restrictions imposed on them, the new asset class “IX” has been created, with – in contrast to the other UBS Gold ETFs – the physical delivery of gold being deliberately prohibited.
Verfasst von Rolotec AG um 25.10.12 11:50