Described is a metal oxide support material nanoscaled iron-platinum group metal particles having a particle size in the range of 0.5 to 10 nm, wherein at least 70% of all nanoscaled iron-platinum group metal particles are located on an outside surface layer of the metal oxide support material, and wherein the outside surface layer has an average volume of less than 50% based on the total volume of the metal oxide support material.Additionally, described is a process for the preparation of such metal oxide support material comprising nanoscaled iron-platinum group metal particles. Furthermore, described is the use of metal oxides containing nanoscaled iron-platinum group metal particles as catalysts, for example as a diesel oxidation catalyst for the treatment of exhaust gas emissions from a diesel engine.