ETF provider WisdomTree has sought to capitalise on current investor interest in gold by launching a low-cost exchange traded product (ETP) focused on the asset class.
The WisdomTree Core Physical Gold ETP is listed on the London Stock Exchange with a management expense ratio of 0.15% and is backed by 100% physically allocated gold stored in London vaults.
The launch comes on the back of research commissioned by WisdomTree earlier this year which found that more than one in three (37.5%) professional investors plan to increase their allocation to gold over the next 12 months.
Gold has also been one of the better performing asset classes in 2020, returning 20% so far this year according to the London Bullion Market Association.
“The diversification benefits of gold in 2020 so far have helped investors mitigate volatility and uncertainty, emphasising the importance of holding this historic safe haven asset in portfolios,” said WisdomTree’s director of research for Europe, Nitesh Shah.
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