The objective of the investment direction is to provide investors with exposure to the performance of gold price, allowing investors to gain direct exposure to the precious metal without the need for physical ownership or storage.  

This investment direction may be suitable for experienced investors with a high-risk tolerance. Gold generally does not provide regular income through interest or dividends, and its value doesn't appreciate through productive and value-added activities conducted by individuals and businesses. As a result, its long-term growth potential may be limited, making it potentially unsuitable as a primary or only investment for long-term capital accumulation. Investors focused on capital growth may find alternative asset classes, such as bonds or stocks, more aligned with their investment goals.  

Nonetheless, it is advisable to consider a modest allocation to gold for risk diversification. Investing in precious metals is often viewed as a strategy to diversify an investment portfolio, hedge against inflation or geopolitical risks, or seek a safe-haven asset during times of economic uncertainty. However, it's important to note that the price movements of gold may be very unpredictable. Gold may have high price volatility, and its value can be significantly influenced by various factors, including economic conditions, geopolitical events, and market sentiment. Investors should carefully assess their risk tolerance and investment goals before incorporating gold into their portfolio.  

The present investment object of the investment direction, allocated at 100%, is the iShares Physical Gold ETC (ISIN: IE00B4ND3602), chosen as the leading option in its category. For more information about the fund, you can visit the fund manager's website [here] or the Morningstar analyst website [here].