Overview
Description
The WisdomTree Physical Gold Fund represents a type of commodity exchange-traded fund (ETF) that is designed to provide investors with exposure to the price of gold. This fund's primary function is to mirror the price movements of physical gold bullion, providing a direct linkage for those seeking to incorporate gold as a stable asset class within their investment portfolios. The fund's notable feature lies in its backing by physical gold, typically stored securely in vaults, ensuring that each share of the fund is tied to a specific amount of gold, thus maintaining its intrinsic value. It plays a significant role in the commodities market by offering liquidity and easy access to gold investments without the complexities of physical storage or insurance. By allowing fractional ownership of gold, the WisdomTree Physical Gold Fund caters to individual investors, investment funds, and institutional buyers looking to hedge against market volatility and inflation or seeking to diversify their assets through a tangible commodity. Its presence in the market underscores the ongoing demand for gold as a traditional safe-haven asset in times of economic uncertainty.
About
Instrument type
ETF
Country
United States
MIC code
PSGM