Novia offers exclusive deal on 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...