Launch of first hedged gold ETF (QAU) | BetaShares

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Launch of first hedged gold ETF (QAU)

SYDNEY, 4 May 2011: BetaShares Capital Limited (BetaShares) has today launched Australia’s first Australian dollar (AUD) hedged gold bullion ETF on the Australian Securities Exchange (ASX), substantially removing the impact of movements in the AUD/USD exchange rate which have, in recent times, negatively impacted investors’ returns from gold ETFs.

Physical gold has delivered exceptional returns over the past decade as investors flocked to safe haven assets in volatile markets. Backed by physical gold bullion and trading under the ASX Code ‘QAU’, BetaShares Gold Bullion ETF – Currency Hedged, gives investors a simple, low-cost, liquid and efficient way to access the precious metal without the currency risk.