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Physical Gold
Fund Snapshot
Launch Date 03/04/2013
Fund Manager Deutsche AM
Risk Rating Risk Rating 6
Fund Type Asset Class Commodities Commodities
Diversification Diversification 1
Stocks & Holdings 1
Regions Covered Regions Covered 1
Fund Size $844m *
Latest Bid Price €0.8407 
Price Date 20/11/2017 

Fund Performance

Performance Line Graph

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Fund Summary
The objective of this fund is to provide access to returns generated by the spot gold price. The fund is collateralised by physical gold. The fund may be attractive to investors willing to adopt a high level of risk or those seeking additional diversification from Equities and other financial securities. The fund is currently aiming to track the Deutsche Bank Physical Gold Exchange Traded Commodity, but may elect to track other appropriate indices.

Market Commentary
Gold remains well-bid and retains a premium to its historical relationship with real rates, the US dollar, the equity risk premium and central bank holdings (i.e., a gold 'bull' market). The weakness in the US Dollar continued in the third quarter, helping gold to rack up a positive return of +2.9%. The real inflation-indexed Treasury yield fell slightly over the quarter (from 56 bps to 48 bps), also helping to prop up gold. Going forward, the Fund Manager does not see a likelihood of further substantial weakness in the US dollar and therefore this will be less of a tailwind. (30th Sept 2017)

Additional Information

Management Charge
0.85% pa of fund assets. Please refer to policy conditions for policy charges.

This fund should be considered as being a medium-long term investment. Access to your investment in this fund may in periods of adverse investment conditions be restricted for up to one month. Asset Information source: Asset Information source: Deutsche Asset Management. Performance figures are as per 'price date'. * Fund size refers to assets under management in underlying fund.

The returns shown include the reinvestment of net income and are net of trading costs and management fees but before other insurance contract charges and as such do not represent the returns on insurance contracts linked to these funds. Details of all charges for a particular product are available on request.

The information in this document does not constitute investment advice. It does not take into account the investment objectives, financial position or needs of any particular investor. Before making an investment decision, you should consult suitably qualified and independent investment, taxation, and regulatory advisors to discuss your specific situation and investment objectives. The investment strategies and risk profiles outlined in this document may not be suitable for your specific investment needs.

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.



The information provided is intended for use by retail investment customers and is based on our understanding of current law and revenue practice.
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Fund Performance

Fund Performance To Date
Fund Description Fund 1 mth YTD 1YR 3YR p.a. 5YR p.a. 10YR p.a. Launch p.a

Warning: Past performance is not a reliable guide to future performance.
Warning: The value of your investment may go down as well as up.
Warning: Funds may be affected by changes in currency exchange rates.
Warning: If you invest in this product you may lose some or all of the money you invest.

FUND WARNINGS:
  1. Performance Fees: The growth of the Insight Currency fund will be subject to a 20% monthly performance fee which only applies when the growth rate exceeds 7% p.a. The Market Neutral Equity fund will be subject to a performance fee of 10% of any growth achieved above cash returns (specifically 3-month EURIBID).
  2. The price protection on the Protected Equity+ Fund, Series 3 is provided by Deutsche Bank AG.
  3. Money invested in the Deposit fund is placed with one or more Banks. The payment of interest and security of capital is provided by the Bank(s). The Bank(s) and not Friends First are providing the security on the Deposit fund. Please refer to the Fund Factsheet.
  4. The property fund managers reserve the right to place a withdrawal limit or/and to defer encashment for up to six months or such time as is necessary to facilitate the sale of assets if required.
Fund Performance

Daily Fund Prices and Performance
Fund Name Bid Price Price Date 1Mth (%) YTD (%) 1Yr (%) 3Yrs (%) 5Yrs (%) 10Yrs (%) Since Launch (%)

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