Gold exchange-traded funds (ETFs) have become increasingly popular investment options for individuals and institutions looking to gain exposure to the precious metal. These funds offer a convenient way to invest in gold without the need to store physical gold. In 2024, the gold ETF landscape is dominated by several large funds that cater to different investor preferences and strategies. Let’s take a closer look at the five biggest gold ETFs in 2024 and explore what sets them apart.
1. SPDR Gold Shares (GLD)
SPDR Gold Shares, often referred to by its ticker symbol GLD, is one of the largest and most liquid gold ETFs in the market. This fund is backed by physical gold held in vaults, providing investors with direct exposure to the price movements of gold. GLD has a low expense ratio and offers a straightforward way to invest in gold for both short-term trading and long-term holding strategies.
2. iShares Gold Trust (IAU)
The iShares Gold Trust, or IAU, is another popular gold ETF that provides investors with exposure to the price of gold bullion. IAU is known for its low expense ratio and high liquidity, making it an attractive option for investors seeking cost-effective gold exposure. This ETF is backed by physical gold bars stored in secure vaults, ensuring transparency and security for investors.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL)
The Aberdeen Standard Physical Gold Shares ETF, with the ticker symbol SGOL, is designed to track the price of gold by holding physical gold bars in secure vaults. SGOL differentiates itself by offering allocated gold ownership, meaning that investors have direct legal title to specific gold bars. This feature appeals to investors looking for a more direct and transparent gold investment option.
4. Invesco Physical Gold ETC (SGLD)
Invesco Physical Gold ETC, traded under the ticker symbol SGLD, is an ETF that provides investors with exposure to the price of gold through physical gold bullion. SGLD is backed by gold bars held in vaults in London, ensuring the security and authenticity of the underlying assets. This ETF is known for its competitive expense ratio and efficient tracking of the gold price, making it a popular choice among gold investors.
5. GraniteShares Gold Trust (BAR)
GraniteShares Gold Trust, represented by the ticker symbol BAR, is a cost-effective gold ETF designed to provide investors with exposure to the price of gold. BAR stands out for its low expense ratio and innovative approach to gold investing. This ETF holds physical gold in vaults and offers investors a simple and transparent way to access the gold market.
In conclusion, the gold ETF market in 2024 is characterized by a variety of options catering to different investor preferences and strategies. Whether investors prioritize liquidity, cost-effectiveness, transparency, or direct ownership of physical gold, there are ETFs available to meet their needs. By understanding the features and offerings of the biggest gold ETFs in 2024, investors can make informed decisions when incorporating gold into their investment portfolios.
