Gold Exchange-Traded Funds (ETFs) have gained significant popularity among investors looking to include gold in their investment portfolios without needing to physically own and store the precious metal. In 2024, the world of gold ETFs continues to evolve, with a number of notable options available to investors. Let’s take a closer look at the five biggest gold ETFs in 2024:
1. SPDR Gold Shares (GLD):
The SPDR Gold Shares (GLD) is one of the largest and most widely traded gold ETFs globally. With its inception in 2004, GLD has remained a popular choice for investors seeking exposure to the price of gold. The ETF’s expense ratio is relatively low, making it an attractive option for long-term investors looking to diversify their portfolio with gold.
2. iShares Gold Trust (IAU):
Another prominent player in the gold ETF space is the iShares Gold Trust (IAU). This ETF offers investors a cost-effective way to invest in physical gold. IAU’s relatively low expense ratio and large trading volume make it a popular choice among investors looking for exposure to gold prices.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL):
For investors seeking a gold ETF backed by physical gold bullion held in secure vaults, the Aberdeen Standard Physical Gold Shares ETF (SGOL) might be an attractive option. This ETF aims to provide investors with a convenient and cost-effective way to invest in gold while benefiting from the security of physical bullion holdings.
4. VanEck Merk Gold Trust (OUNZ):
The VanEck Merk Gold Trust (OUNZ) differentiates itself from other gold ETFs by offering investors the option to redeem their shares for physical gold coins and bars. This unique feature sets OUNZ apart and appeals to investors who prefer the flexibility of converting their ETF holdings into physical gold.
5. Invesco Physical Gold ETC (SGLD):
The Invesco Physical Gold ETC (SGLD) is another notable gold ETF that provides investors with exposure to the price of gold through physical gold bullion. SGLD aims to track the performance of gold prices while offering investors a cost-effective and efficient way to invest in gold.
In conclusion, the world of gold ETFs offers investors a range of options to gain exposure to the precious metal. Whether investors are looking for cost-effective options, the ability to redeem for physical gold, or secure vault holdings, the five biggest gold ETFs in 2024 present unique opportunities for investors to diversify their portfolios and hedge against market uncertainties.