The Aureus Fund was launched on the 18th September 2002 in Ireland as the first fund in the world to invest in physical Gold. In 2002, the Irish Central Bank was the only statutory body willing to look into this very special product. For this reason, the Aureus Fund was launched in Ireland as an open-ended investment company with variable capital, similar to Luxembourg's Sicav structure.

The Collective Investment Scheme (CIS) is supervised by the Central Bank of Ireland. The shareholders are the “owners” of the Fund. Consequently, the risk of “issuer default” is ruled out.

The main target has been and still is to offer clients the possibility to invest in an easy, convenient and secure exposure to physical Gold and other precious metals.

The physical allocated Gold is stored in the form of 12.5kg / 400 ounces “standard good delivery bars” in a vault in Switzerland. The bars are held in allocated form.

The Gold exposure (allocated and unallocated) should not be below 51% of the net asset value (NAV). The management will also allocate in silver, platinum and palladium. The fund management seeks to hold physical allocated precious metals as much as possible. It is also intended to employ an active over- and underweighting from time to time, in particular of the white precious metals.

The Gold and the white precious metals will NOT be lent!

As the Aureus Fund was founded by a German Bank in Baden-Wuerttemberg, south-west Germany, the “main market” and client base of the Aureus Fund is Germany. Consequently, most of the fund information focuses on this market. However, as an Irish Non-UCITS fund, clients from other countries might invest according to their national regulations. 

For more information see the login to the internal section on the right hand side.

Since inception, the clients of the Aureus Funds have been mainly composed of institutional investors, asset managers and family offices. These clients value the transparency of the Irish Fund and the “clarity” of the legal structure. For further information see “Investment Law / Taxation” in the internal section after login under “my account”.

The daily price calculation* of the Aureus Fund is based on the official London bullion p.m. fixing (http://www.lbma.org.uk/pages/index.cfm). In contrast to competing ETFs, this NAV is tradable without bid-ask spreads as a fixed-price transaction.**

The cut-off time for orders is 2 pm German Time.

The Aureus Fund is also published on the Irish Stock Exchange. However, there is no active secondary marketing.

Although its 95% holdings in physical allocated precious metals, the Aureus Fund does not issue certificate or bond. Consequently, no issuer default risk does arises.

* Fur further definition and information see the Prospectus.

** Subscription and redemption charges might be applied by brokers or banks. Please contact your broker or bank for further Details.