The new product has a similar structure to the ING OptiMix gold and precious metals strategy, which was launched in February, but it will have a larger exposure to equities. "We are putting that strategy into a more generalised fund structure for general distribution so that other people can invest in it," Taurus director Brenton Saunders said.
"We should have a generally distributed fund structure for institutional investors within the next six weeks."
The new fund will have a higher exposure to equities, which could be as high as 40 per cent. This compares with a maximum of 25 per cent under the ING OptiMix structure.
The rest of the portfolio will be invested in precious metal ETCs, with a majority in the physical gold ETC.
