The new Gold Xmtch ETF fund invests in physical gold without using derivative instruments. The investment objective is to replicate the return from gold on the spot market. The two funds Xmtch II on Gold hedged Swiss franc and Xmtch II (CH) on Gold hedged euro also allow investors to invest in currency-hedged ETFs to avoid being subject to fluctuations in the exchange rate of the US dollar, said Credit Suisse.

Thomas Merz, head of Xmtch marketing and distribution at Credit Suisse, said: "Gold ETFs are suitable for investors looking for a secure investment and a well-diversified portfolio. Investors can acquire a low-cost and flexible investment with a single transaction. Because the investment is fully backed by physical gold, there is no counterparty risk as regards index replication."

A service of YellowBrix, Inc.