BetaShares has launched a new Australian dollar hedged gold bullion exchange-traded fund (ETF). The BetaShares Gold Bullion ETF, backed by physical gold bullion, provides investors a low cost way to access the precious metal without currency risk.
The company has also listed the portfolio on the Australian Securities Exchange. The gold fund will aim to protect investors from fluctuations on the Australian and the U.S. dollar exchange rate.
Click here for the release from BetaShares Capital.