ETFS GBP Daily Hedged Physical Gold ETC(GBSP)

Description: 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.

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Keywords: ETF Exchange Traded Funds Bank Gold Precious Metals Commodity Silver Exchange Traded Product Commodity Markets Morgan Bullion BP Counterparty Exchange Rate Good Delivery London Bullion Market London Bullion Market Association

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Home Page: www.etfsecurities.com/retail/uk/en-gb/products/product/etfs-gbp-daily-hedged-physical-gold-gbsp-lse

GBSP Technical Analysis

Exchange: LSE

Country: UK

Currency: Pence sterling (p)

Category: Commodities - Precious Metals