Novia offers exclusive deal on Julius Baer Physical Gold fund

Wrap provider Novia is offering advisers an exclusive version of the protected Julius Baer Physical Gold fund.

Novia's protected version of the fund is an ETF which offers 95% capital protection at maturity of five years and 100% upside participation.

The protection for the product will be provided by Nomura, one of the world's biggest banks, which will be issuing the product as a structured note.

The fund invests exclusively in physical gold, and mainly in standard 400-ounce bars at Swiss-based vaults.

It is currency-hedged against foreign exchange risk, and will be available on the Novia platform until 19 November 2009.

Stephen Moore, executive director, head of sales UK at Julius Baer International, says: "The price of gold has surged through the US$1000 mark and Julius Baer believes it will continue to rise in 2010. Concerns over the devaluation of major currencies, especially the US dollar, and inflation, are encouraging investors to seek safe haven investments. Gold is high on their agenda."

Paul Boston, sales director at Novia, adds the product is tailored to the current investment climate: "This product addresses investor concerns and will be a useful asset for advisers looking to diversify their clients' portfolios.

"Advisers signed up to use our wrap will be able to put this into SIPP, GIA and stocks and shares ISA product wrappers."

Minimum investment for the product is £10,000 and investments will be accepted in increments of £10,000 net of charges.