iShares Physical Gold ETC (SGLN)

A Select 50 Fund - Our view
Category Commodities - Precious Metals

This ETF can be held in an Investment ISA, SIPP and Investment Account




arrow-up101.50p (+2.79%)

Prices updated at 12 Apr 2024, 19:00 BST
| Prices minimum 15 mins delay
Prices in GBX

Investment objective
iShares physically-backed Exchange Traded Commodities (iShares Physical ETCs) are series of secured metal-linked debt securities that trade on one or more regulated exchanges and offer investors easily accessible, liquid and transparent exposure to physical precious metals. iShares Physical ETCs provide investors with exposure to the performance of individual precious metals without the need to take physical delivery or trade commodity futures contracts. The iShares Physical Gold ETC seeks to track the day-to-day movement of the price of gold, less fees, by holding gold bullion. The gold bullion backs the securities issued and is valued daily at the London PM fix price. The gold bullion is held as allocated gold bars with the custodian, JPMorgan. State Street acts as the Trustee. iShares Physical ETCs are exchange traded commodities and are neither funds nor exchange traded funds.


Why we like the fund: This fund aims to provide investment exposure to physical gold and therefore aims to track the gold price (the London Bullion Market Association gold price). An investment in the fund is underpinned by a metal entitlement (that is to say, an amount of physical gold backing the investment). The fund is passively managed, meaning it aims to track the gold price rather than beat it. Because it is complex to invest in gold itself, it is reassuring that BlackRock has been running this strategy successfully for some time. It is also good to know that the gold it owns has been responsibly sourced. How to use the fund: Because gold often does well during times of distress and high inflation, this fund may be a good addition as an insurance policy in a diversified portfolio.

Important Information

Please note the value of investments can go down as well as up so you may get back less than you invested. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and(3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.