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LONDON - WisdomTree Hedged Metal Securities Limited announced Thursday it will reduce management fees on its currency-hedged gold exchange-traded products (ETPs) effective immediately.
The management fee for WisdomTree Physical Gold - EUR Daily Hedged and WisdomTree Physical Gold - GBP Daily Hedged will decrease from 15 to 12 basis points, according to a press release statement. This reduction brings the total annual fee, including the 10 basis point hedging rate, down to 22 basis points from the previous 25 basis points.
The EUR-hedged product trades on Euronext Paris, Borsa Italiana, and Frankfurt Stock Exchange, while the GBP-hedged version is listed on the London Stock Exchange.
Alongside the fee reduction, Morgan Stanley & Co. LLC (MS&Co), which calculates the MSPM Indices that price these securities, will implement a methodology change to reduce the currency exchange rate spread used in index calculations.
The company stated that Morgan Stanley Precious Metal (MSPM) indices will now use reduced currency exchange rate spreads in their calculation methodology. WisdomTree indicated this change "will aid the utility and tradability" of the indices.
The revised methodology is documented in "The Morgan Stanley Precious Metal Currency Hedged (MSPM) Indices Gold Manual (September 2025 Edition)" dated September 11, 2025.
The announcement also noted that Morgan Stanley International PLC (MSIP) may contribute toward operational, marketing and other costs related to the program, with the current contribution standing at 11 basis points per annum.
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