Overview
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Description
Royal Canadian Mint Gold - CAD is an exchange-traded receipt that provides investors with direct exposure to physical gold. Issued by the Government of Canada and managed by the Royal Canadian Mint, this commodity-focused investment vehicle tracks the London Bullion Market Association Gold Price in Canadian dollars. The fund employs a physically backed replication model, meaning it holds actual gold bullion to back each receipt issued. With a low expense ratio, Royal Canadian Mint Gold - CAD offers a secure and convenient way for retail investors to gain gold price exposure without the complexities of direct bullion ownership or storage. The structure combines the accessibility of an exchange-traded product with the tangible security of physical precious metals, making it an appealing option for those seeking portfolio diversification through commodity investment.
About
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Instrument type
ETF
Country
Canada
MIC code
NEOE