Gold Exchange Traded Funds (ETFs) have gained significant popularity among investors seeking exposure to gold without physically owning the metal. In 2024, the gold market is witnessing a growing interest in gold ETFs, with several large funds dominating the industry. Let’s take a closer look at the five biggest gold ETFs in 2024 and explore their key features and performance.
1. SPDR Gold Shares (GLD): SPDR Gold Shares is one of the largest and most well-known gold ETFs in the market. It offers investors exposure to physical gold through a trust that holds gold bars. GLD has a low expense ratio and is known for its liquidity, making it a popular choice for both retail and institutional investors.
2. iShares Gold Trust (IAU): iShares Gold Trust is another major player in the gold ETF space. Similar to GLD, IAU also provides investors with exposure to physical gold held in vaults. With a competitive expense ratio and high trading volume, IAU is favored by investors looking for a cost-effective way to invest in gold.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL): SGOL is backed by physical gold bars stored in secure vaults in London and Zurich. This ETF offers investors a way to invest in gold without the complexities of owning and storing the physical metal. SGOL has gained popularity for its transparent structure and accessibility to individual investors.
4. VanEck Merk Gold Trust (OUNZ): VanEck Merk Gold Trust differentiates itself by offering investors the option to take physical delivery of gold coins and bars. This unique feature sets OUNZ apart from other gold ETFs and appeals to investors seeking flexibility in their gold investments. OUNZ provides exposure to gold price movements while offering the potential for physical delivery.
5. SPDR Gold MiniShares Trust (GLDM): SPDR Gold MiniShares Trust is a relatively new entrant in the gold ETF market but has quickly gained traction among investors. GLDM offers a lower share price, making it accessible to a wider range of investors looking to add gold exposure to their portfolios. With competitive pricing and efficient trading, GLDM is becoming a popular choice for investors seeking a cost-effective gold investment option.
In conclusion, the gold ETF industry is witnessing robust growth in 2024, with several major players dominating the market. Investors have a range of choices when it comes to investing in gold through ETFs, each offering unique features and benefits. Whether seeking physical gold exposure, options for delivery, or cost-effective investments, the top five gold ETFs discussed here provide investors with diverse opportunities to participate in the gold market.