Liechtensteinische Landesbank (LLB) is offering an investment opportunity in gold that complies with ESG criteria to sustainability-oriented investors for the first time. The fund is covered by physical gold sourced from sustainable production activities.
The LLB has decided to launch the LLB Gold Fund in response to increased demand from investors for investment opportunities that comply with ESG (environment, social, governance) criteria. “Due the profound correlation with other investment categories and its crisis-resistant nature, gold is well-suited as an ideal supplement to an investment portfolio. It is also a popular real-asset investment and offers a certain level of protection against inflation”, comments Bernhard Schmitt, Head of Equity & Multi Manager Management and designated fund manager of the new LLB investment fund.
The fund is open to both private and professional investors in Liechtenstein. The subscription period runs from July 1 to August 3, 2020. During this time, the LLB will waive the issue premium. In Switzerland, Germany and Austria, the fund is available to professional investors exclusively.
The gold fund set up by the LLB is wholly characterized by the issue of sustainability. Stored in the vaults of the LLB in Vaduz, the physical gold used for cover has been obtained from sustainable production activities. The bank’s press release explains how the protection of people and the environment is of absolutely central importance. Compliance with the relevant legislation in terms of the extraction and refining process is stringently monitored and certified. Child labor is precluded. There is a strict focus on fair and resource-saving methods in terms of the extraction, transportation and refining processes. There is additionally a guarantee of strict separation from non-sustainably produced gold at the transport and refining stages.