Press Release: ETFS Physical Gold rating awarded Highly Recommended (Index)’ by investment research provider Lonsec
Aug 14, 2018
ETFS Physical Gold rating awarded Highly Recommended (Index)’ by investment research provider Lonsec
ETF Securities today announced that ETFS Physical Gold (ASX code: GOLD) has been awarded a ‘Highly Recommended (Index)’ rating by Lonsec.
ETFS Physical Gold (GOLD) is designed to allow investors a simple and low cost method to own and trade physical gold through a listed security that is traded on the ASX.
The ‘Highly Recommended Index’ rating indicates that Lonsec has very strong conviction the financial product can generate risk adjusted returns in line with relevant objectives. The financial product is considered a preferred entry point to this asset class or strategy.
ETF Securities CEO, Kris Walesby, said: “Gold is an integral part of any diversified portfolio and this Lonsec rating confirms the logic of investors owning gold as part of their portfolio’’.
“Although gold gets all the attention in uncertain geopolitical times, and when there is volatility in sharemarkets, it’s important to consider to own gold as a way of reducing risk and owning an asset that is uncorrelated to other investments that have a bigger allocation in the portfolio” Mr Walesby said.
Lonsec has provided the Fund with a 'Highly Recommended (Index)' rating as part of this review cycle. Lonsec notes that the Fund provides the cheapest and most transparent exposure to physical gold bullion in its peer group. Lonsec also believes the Manager is well resourced and experience to managed the Fund and has produced a low tracking error since its inception.
ETF Securities currently employs 13 dedicated financial service professionals in Sydney and Melbourne and manages 14 different ETFs in Australia that gives investor’s exposure to benchmark positions in currencies, shares and commodities.
Founded by Australian philanthropist Graham Tuckwell, ETF Securities created the first commodity exchange traded product with a gold exchange traded fund and now has more than $1 billion funds under management in Australia.
Demand for gold is high whenever investors worry about rising global interest rates, the prospect of another financial crisis or geopolitical risk.
Gold is also priced in US dollars, so the Australian and United States dollar exchange rate does play a factor in the value of ETFS Physical Gold.
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This document is communicated by ETFS Management (AUS) Limited (Australian Financial Services Licence No: 466778) (“ETFS”). This document may not be reproduced, distributed or published by any recipient for any purpose. Under no circumstances is this document to be used or considered as an offer to sell, or a solicitation of an offer to buy, any securities, investments or other financial instruments and any investments should only be made on the basis of the relevant product disclosure statement which should be considered by any potential investor including any risks identified therein.
This document does not take into account your personal needs and financial circumstances. You should seek independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Although we use reasonable efforts to obtain reliable, comprehensive information, we make no representation and give no warranty that it is accurate or complete.
Investments in any product issued by ETFS are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither ETFS, ETFS Capital Limited nor any other member of the ETFS Capital Group guarantees the performance of any products issued by ETFS or the repayment of capital or any particular rate of return therefrom.
The value or return of an investment will fluctuate and investor may lose some or all of their investment. Past performance is not an indication of future performance.
The Lonsec Rating (assigned August 2018) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold ETF Securities product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.
For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings