Gold ETFs (Exchange-Traded Funds) continue to attract investors seeking exposure to gold without the hassle of physical ownership or storage. In 2024, the following are the five biggest gold ETFs based on assets under management (AUM) and popularity among investors.
1. SPDR Gold Shares (GLD)
With an AUM of over $50 billion, SPDR Gold Shares (GLD) is one of the largest and most widely recognized gold ETFs. GLD is backed by physical gold held in vaults in London and is designed to track the price of gold bullion. Its liquidity and transparent holdings make it a popular choice for investors looking to diversify their portfolios with gold.
2. iShares Gold Trust (IAU)
iShares Gold Trust (IAU) is another top gold ETF with a significant AUM. Similar to GLD, IAU holds physical gold as its underlying asset and aims to reflect the performance of gold prices. IAU’s lower expense ratio compared to GLD appeals to cost-conscious investors looking to invest in gold.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL)
Aberdeen Standard Physical Gold Shares ETF (SGOL) is backed by physical gold bars held in secure vaults in Switzerland. SGOL offers investors exposure to gold prices while benefiting from the trust’s partnership with a reputable custodian. With its low expense ratio and simple structure, SGOL is favored by many investors seeking a straightforward gold investment vehicle.
4. Invesco Physical Gold ETC (SGLD)
Invesco Physical Gold ETC (SGLD) provides investors with exposure to the performance of gold prices through physical gold holdings. SGLD’s innovative structure allows investors to access gold markets efficiently through an exchange-traded commodity (ETC). Investors looking for a cost-effective and easily tradable gold investment often consider SGLD as a suitable option.
5. VanEck Merk Gold Trust (OUNZ)
VanEck Merk Gold Trust (OUNZ) distinguishes itself by allowing investors to exchange their shares for physical gold at any time. OUNZ offers a unique feature that enables investors to take possession of gold bullion, making it attractive to those seeking tangible exposure to gold. With its flexibility and transparency, OUNZ has gained popularity among investors looking for a gold ETF with a redemption option.
In conclusion, the top five gold ETFs in 2024 provide investors with diverse choices for gaining exposure to gold prices. Whether investors prioritize liquidity, cost efficiency, transparency, or physical redemption options, these gold ETFs offer a range of features to suit various investment preferences in the ever-evolving gold market.