GBSEWisdomTree Physical Gold - EUR Daily Hedged
ISIN: JE00B8DFY0520,12%
Management Fee (MER)
Au 03.07.2026
15 mars 2013
Date de lancement
1 308 656 694 $US
AUM du fonds
Au 03.07.2026
EUR
Devise de base
Vue d'ensemble
Description du produit
WisdomTree Physical Gold - EUR Daily Hedged is a UCITS Eligible Exchange Traded Commodity (ETC) designed to offer security holders a simple, cost-efficient and secure way to access Physical Gold while mitigating currency risk. The product enables investors to gain exposure to the Physical Gold spot price, less applicable fees, with a daily hedge against movements in the EUR/USD exchange rate. WisdomTree Physical Gold - EUR Daily Hedged is backed by allocated Physical Gold held by JPMorgan Chase Bank, N. A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated.
Pourquoi GBSE?
- Physically backed, direct Investment in Physical Gold .
- Currency risk is hedged on a daily basis, minimising the EUR/USD exchange rate risk.
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Transparency: Metal entitlement is published daily.
- Easy to invest: Everything in one product which does not require the investor to manage storage, insurance or delivery of the metal.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Risques potentiels
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The price of Physical Gold may fluctuate and may be affected by numerous factors including supply and demand, the global financial markets and other political, financial or economic events. The value of securities in this ETP is directly affected by increases and decreases in the value of Physical Gold. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the price of Physical Gold .
- The Issuer is reliant on there being FX counterparties available to enter into currency hedge arrangements on a continuing basis and, if no FX counterparties are willing to do so, the ETP will not be able to achieve its investment policy of providing a currency hedge. The currency hedge is reset on a daily basis, which means that investors will be exposed to intra-day movements in the exchange rate. The Issuer is subject to the risk that FX counterparties and other third party service providers may fail to return property belonging to the Issuer or pay money due to the Issuer.
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
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Informations clés
| Vue d'ensemble du produit | Au 03.07.2026 |
|---|---|
| ISIN | JE00B8DFY052 |
| Classe d'actifs | Commodities |
| Devise de base | EUR |
| Date de lancement | 15 mars 2013 |
| Couvert contre le risque de change | Oui |
| Inspecteur du coffre | Inspectorate International (coffre-fort inspecté 2x par an) |
| Emplacement du coffre | London |
| Prêt de métaux | Non |
| Livraison physique | Non |
| Risque sous-jacent | Adossé physiquement au métal alloué, sous réserve des règles de la LBMA en matière de livraison des biens et de contrats à terme sur devises roulés quotidiennement. |
| Valeur liquidative | Au 03.07.2026 |
|---|---|
| NAV | 21.805 $US |
| Variation quotidienne | 0.182 $US |
| Rendement quotidien | 0,842% |
| AUM total du fonds | 1 308 656 694 $US |
| AUM de l'émetteur | 4 239 881 648 $US |
| Parts en circulation | 52 447 827 |
Structure
| Structure | Au 03.07.2026 |
|---|---|
| Forme juridique | Titre de créance |
| Structure juridique | ETC |
| Méthode de réplication | Physical - backed by bullion |
| Domiciliation | Jersey |
| Informations juridiques et fiscales complémentaires | Au 03.07.2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| Éligible UCITS | Yes |
| Statut de reporting UK | Yes |
| Conforme à la charia | Non |
Prestataires de services clés
| Prestataires de services clés | Au 03.07.2026 |
|---|---|
| Dépositaire | JPMorgan Chase Bank, N.A. |
| Fiduciaire | The Law Debenture Trust Corporation p.l.c. |
| Émetteur | WisdomTree Hedged Metal Securities Limited |
| Agent de registre | Computershare Investor Services (Jersey) Ltd |
| Frais | Au 03.07.2026 |
|---|---|
| Management Fee (MER) | 0,12% |
| Hedging Rate | 0,10% |
Pays passeportés
Cotations et codes
| Pays | Bourse | Devise de cotation | Ticker de cotation | Ticker Bloomberg | RIC | SEDOL | ISIN | WKN | Période de règlement | Date de cotation |
|---|---|---|---|---|---|---|---|---|---|---|
| Borsa Italiana | EUR | GBSE | GBSE IM | GBSE.MI | B9C9R06 | JE00B8DFY052 | A1RX98 | T + 2 | 17.05.2013 | |
| Xetra | EUR | GBSE | GBSE GY | GBSE.DE | BP9LMW4 | JE00B8DFY052 | A1RX98 | T + 2 | 21.03.2013 | |
| Euronext (FR) | EUR | GBSE | GBSE FP | GBSE.PA | BR88QS4 | JE00B8DFY052 | A1RX98 | T + 2 | 18.09.2023 |
Underlying Holdings
MS Long Gold Euro Hedged Index
Each individual GBSE security has an effective entitlement to gold. That entitlement is (i) adjusted by the currency hedge (upwards or downwards depending on currency movements) and (ii) reduced by the management fee and hedging costs. As a result, there is no cash component and the security maintains a direct relation to the value of the underlying precious metal in the relevant currency. The currency hedge is provided through arrangements with a FX counterparty (Morgan Stanley & Co International plc) who provide, on an unfunded basis, exposure to the Index which tracks in gold terms movements in the EUR/USD exchange rate. Authorised participants create and redeem GBSE securities by delivering or receiving gold that conforms to LBMA Good Delivery standards. GBSE securities are traded on exchange at a price that is based on the spot price of gold multiplied by the applicable metal entitlement.
Index Details | |
|---|---|
Index Name | MS Long Gold Euro Hedged Index |
Index Provider | MSPM |
Index Constituent Count | 1 |
Currency | EUR |
Bloomberg Ticker | MSCEGLDE |
Reuters Index Ticker | .MSCEGLDE |
Index Website | |
Security | 04 May 2026 |
|---|---|
1. Physical gold with currency forwards | 100.00% |
Documents
Produit
KID
Prospectus
Réglementaire
AVERTISSEMENTS
The products discussed in this document are issued by WisdomTree Hedged Metal Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Morgan Stanley & Co International plc, Morgan Stanley & Co. LLC and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of Morgan Stanley & Co International plc, Morgan Stanley & Co. LLC and JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.
The Morgan Stanley Indices are the exclusive property of Morgan Stanley & Co. LLC ("Morgan Stanley"). Morgan Stanley and the Morgan Stanley index names are service mark(s) of Morgan Stanley or its affiliates and have been licensed for use for certain purposes by WisdomTree Management Jersey Limited in respect of the securities issued by the Issuer. The securities issued by the Issuer are not sponsored, endorsed, or promoted by Morgan Stanley, and Morgan Stanley bears no liability with respect to any such financial securities. The prospectus of the Issuer contains a more detailed description of the limited relationship Morgan Stanley has with the Issuer and any related financial securities. No purchaser, seller or holder of securities issued by the Issuer, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.