WisdomTree Physical Gold EUR Daily Hedged is designed to enable investors to gain exposure to the gold spot price with a daily currency hedge against movements in the EUR/USD exchange rate by tracking the MS Long Gold Euro Hedged Index (the Index). The product is an exchange traded product (ETP). This ETP is backed by physical allocated Gold held by an independent custodian, JPMorgan Chase Bank, N.A. and, in order to gain the currency hedge, swaps with Morgan Stanley &Co. International plc.