New Luxembourg Regulated Physical Gold Fund

Mar 21, 2011, 11:42 ET from Luxembourg Fund Partners (LFP)

LUXEMBOURG, March 21, 2011 /PRNewswire/ -- Luxembourg Fund Partners (LFP) is pleased to announce the approval of our new Precious Metals Fund – LFP Prime SICAV SIF S.A. (Physical Gold Fund).

The fund won approval from the Commission de Surveillance du Secteur Financier (CSSF) today and is made available to Informed Investors and Institutional investors only. The fund can be accessed via Clearstream ISIN Class A: LU0596820836 and Class I: LU0596823269.

The Physical Gold Fund is designed to provide investors with a liquid, convenient and low-cost way to own shares in a regulated fund that is backed by fully allocated gold. Shares of the fund are convertible into the underlying asset through the Precious Metals Agent.

"We are extremely pleased to be able to offer this product at this time," said Luc Leleux, who manages LFP's flagship umbrella fund LFP PRIME SICAV – SIF S.A. "Investment demand in physical gold has been robust, and we are glad to offer a Luxembourg-regulated product to the market. Luxembourg is the leader in cross-border distribution of funds globally and has an excellent track record."

ABN Amro Bank Luxembourg is the custodian of the fund, Las Bovedas Corporation SARL is the Investment Advisor, AFE Custodial Company (AFECC) is the Precious Metals Agent, and Grant Thornton and Ernst and Young are the auditors.

The offering of the shares are made only by means of a prospectus as filed with the CSSF.

About Luxembourg Fund Partners S.A.

Luxembourg Fund Partners S.A. is a bespoke independent advisory firm offering comprehensive and tailored solutions integrated through financial products of the Grand Duchy of Luxembourg. LFP is a market leader in the Fund industry and experts in building, administrating and managing Regulated Investment Funds and Investment Structures on behalf of private and institutional clients.

About AFE Custodial Company

AFE Custodial Company (AFECC) is part of the Anglo Far-East group of companies and provides logistics support to institutions, funds and trusts in the market of good delivery gold and silver bullion. AFECC handles the full range of acquisition, storage and liquidation of good delivery metal on behalf of its clients.

About ABN Amro

ABN AMRO Private Banking is the international wealth-management division of ABN AMRO Bank, with EUR 150 bln of total assets under management, offering more than 120,000 high-net-worth individuals a full range of banking, investment management, financial and estate planning products and solutions. Our domestic and international offices in 13 markets worldwide employ over 4,000 professionals. We rank among the top 10 private banks in Europe and enjoy a strong position in Asia.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall thereby any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

SOURCE Luxembourg Fund Partners (LFP)