Gold has been considered a safe investment and store of value for centuries. In times of uncertainty, investors often turn to gold as a hedge against inflation and market volatility.
If you’re looking for a way to invest in gold without having to trade gold futures or store physical metal, gold exchange-traded funds (ETFs) can make it easy. These funds track the spot price of gold and offer investors a convenient and flexible way to gain exposure to this precious metal.
In this article, we’ll take a closer look at the 5 biggest gold ETFs by total assets as of April 11, 2024:
1. SPDR Gold Shares (GLD)
- Total Assets:Â $62.75 billion
- Headquarters:Â New York, USA
GLD is the largest and most liquid gold ETF in the world, providing investors with high stability and low fees. It tracks the spot price of gold closely, allowing investors to keep pace with market movements. It invests in physical gold bars stored in a vault network around the world, ensuring physical backing of the investment.
2. iShares Gold Trust (IAU)
- Total Assets:Â $29.02 billion
- Headquarters:Â New York, USA
IAU is the second-largest gold ETF in the world, offering investors a high degree of diversification and low costs. It tracks the spot price of gold closely and invests in physical gold bars stored in a vault network around the world.
3. SPDR Gold MiniShares Trust (GLDM)
- Total Assets:Â $7.67 billion
- Headquarters:Â New York, USA
GLDM is ideal for investors with smaller capital who want to enter the gold market. It offers one of the lowest expense ratios among physical gold-backed ETFs and invests in fractional shares of physical gold bars, allowing for smaller investments.
4. Abrdn Physical Gold Shares ETF (SGOL)
- Total Assets:Â $3.18 billion
- Headquarters:Â London, UK
SGOL invests in physical gold stored in Zurich, Switzerland, providing investors with security and stability. It adheres to strict gold storage standards and offers a transparent investment strategy.
5. iShares Gold Trust Micro (IAUM)
- Total Assets:Â $1.17 billion
- Headquarters:Â New York, USA
IAUM is ideal for investors with very small capital who want to invest in gold. It offers the lowest expense ratio among all physical gold-backed ETFs and invests in physical gold bars stored in vaults.
Important Note: Before investing in any securities, do your own research and consider your investment goals and risk tolerance.
Conclusion
Gold ETFs offer investors a convenient and flexible way to invest in gold without having to trade gold futures or store heavy bars. When choosing a gold ETF, it’s important to consider various factors such as total assets, expense ratio, fund domicile, and investment strategy.
Gold ETFs can be a valuable addition to a diversified investment portfolio, but it’s important to remember that the price of gold can fluctuate and past performance is not a guarantee of future results.
Disclaimer
This article is for informational purposes only and should not be considered investment advice. It is important to do your own research and consider your individual circumstances before investing.
