GRAND CAYMAN, Cayman Islands, Aug. 28, 2018 (GLOBE NEWSWIRE) — Physical Gold Fund (www.physicalgoldfund.com), a world leader in physical allocated gold, today announced the signing of a service agreement with Allfunds Bank, a leading global financial technology business.
Physical Gold Fund is the only allocated physical gold product available on the Allfunds platform with a Shariah compliant certification. With an extensive industry background, Physical Gold Fund’s Board Advisor, Gerhard Schubert, states, “The listing of Physical Gold Fund on the Allfunds platform marks a significant development for the wider Investment Community. Nothing similar exists within the previous offering on the platform and the fully Shariah-compliant capabilities of the Physical Gold Fund makes THIS Fund a great opportunity for investment diversification in the whole Islamic Investment Community.”
Physical Gold Fund offers a simple and elegant solution to investors that streamlines a portfolio allocation into physical gold. Decades of experience in physically allocated gold provide the foundation for PGF’s world-leading operational practices in the physical gold investment space. Physical Gold Fund provides an integrated solution for acquisition, security, governance, custody, insurance, and liquidation of physical gold in an approved regulated structure utilizing industry-leading best practices.
Allfunds Bank is the leading global B2B distribution platform of third-party funds, offering a one-stop solution for funds dealing, information management and research services supporting the mutual fund distribution activities of over 595 institutional clients, including commercial banks, private banks and insurance companies from 38 different countries. Further, Allfunds has a global network of offices across Europe, Asia and Latin America and over €300bn assets under administration globally covering 64,400 funds from over 1200 fund managers.
“We are delighted to finalize PGF’s inclusion on the Allfunds platform as we see it as important to our growth in both Europe, Latin America, and the MENA region,” said Philip Judge, Chief Executive Officer of Physical Gold Fund. “Allfunds has a reputation as one of the world’s most prominent platforms, and we believe we can offer Allfunds’ clients a unique physical gold investment product and an opportunity to improve the way they currently invest in gold.”
ABOUT PHYSICAL GOLD FUND SP
Physical Gold Fund SP is a global leader in physical allocated gold. It is a Segregated Portfolio Fund of the Physical Hard Assets Fund SPC. The Fund is regulated by CIMA, is registered with the FCA and is Shariah compliant certified by Amanie Advisors LLC. PGF is a transparent, open-ended, segregated portfolio fund that invests in unencumbered, fully-allocated physical gold in the form of “Good Delivery” gold bars meeting accepted global standards. Liquidity protocols unique to the industry have been put in place providing greater liquidity options compared to other funds in the market. Shares of the Fund are redeemable for gold and all physical gold is insured to its full market value.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Nothing in this communication should be construed as investment advice or an investment recommendation. This communication has not been approved by any authority for any purpose.