Overview
Description
The Invesco Physical Gold ETF is a physically backed exchange-traded commodity designed to mirror the performance of the spot gold price. Structured as an exchange-traded certificate, each unit is fully collateralized by physical gold bullion, securely stored in the vaults of J.P. Morgan Chase Bank. The ETF’s objective is to track the LBMA Gold Price in U.S. dollars, providing transparent, direct exposure to the price movements of gold without the complexities of trading futures or handling physical bars. With a fixed annual fee and no currency hedging, it reflects changes in both gold prices and the USD exchange rate. Notably, the fund adopts a “swing bar” approach, ensuring that gold holdings match or exceed the issued certificates’ value at all times. This ETF serves as a convenient vehicle for investors seeking portfolio diversification, inflation hedging, or an alternative asset class, and it plays a significant role in enabling access to the global gold market through regulated, easily tradable securities.
About
Address
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Phone
+44 20 33701100
Website
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON