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Palaedino Asset Management launches first UCITS funds denominated in gold

Thursday, December 16, 2010
Opalesque Industry Update- Geneva based Palaedino Asset Management, advisor to the Axiom Fund, announces the launch of the world’s first UCITS Funds denominated in Gold.

Gold Share Class
Investors who choose the Gold Share Class will have simultaneously an exposure to the fund’s investments and to Gold fluctuations. In other words, this will allow investors to participate in the performance of the Funds and Gold while being isolated from fluctuations in conventional currencies such as euros, US dollars and sterling.

The new Gold Share Classes will be available to the full range of Axiom products which includes: Global Equities, Global Fixed Incomes, Global Diversified and the newly launched UCITS Alternative Investable Index Fund.

Although it is still reserved for institutional clients, the Axiom Fund will shortly be registered in a number of European countries, including Switzerland, which will enable it to be accessible to the general public.

(press release)

Source

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