Julius Baer brought to the market a 95% capital-guaranteed fund for physical gold, with the capital protection provided by Nomura. The fund invests in 400-ounce gold bars held in Switzerland. "Julius Baer forecasts that the gold price will reach $1,050 in 2010," said Stephen Moore, executive director and head of U.K. sales at Julius Baer International. "The low cost of this product will enable investors to capture the majority of upside performance with very limited downside risk."
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