The product would offer pure exposure to the precious metal, but without the currency risk, and could be traded just as easily as any share, the company's head of investment strategy and distribution, Drew Corbett, said.
Corbett said the Australian dollar's rally against the greenback recently had negatively impacted on returns from gold ETFs. "In addition to the potential for strong investment returns and its ability to act as a hedge against inflation, gold's low correlation with other asset classes makes it a strong addition to a diversified portfolio for investors," he said.
