Geneva based Palaedino Asset Management, adviser to the Axiom Fund, has launched the first Ucits Funds denominated in gold.

Investors who choose the gold share class will have an exposure to the fund’s investments and to gold fluctuations.

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.