This ETF can be held in an Investment ISA, SIPP and Investment Account
Sell
4,101.00p
Buy
4,104.00p
25.00p (+0.61%)
Prices updated at 21 Nov 2024, 08:56 GMT
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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.
Important notice: This product is based overseas and is not subject to UK sustainable investment labelling and disclosure requirements. Please refer to the FCA website which details further information in relation to sustainability disclosure requirements for retail clients.
Important documents: Please ensure that you have read the Key Information Document/Technical Guide
, Pre-sale Illustrations document & Doing Business with Fidelity document (incorporating the Fidelity Client Terms) and the fund information documents. These can be found within the Charges & documents section.
- Key stats
- Price
- Our view
- Performance
- Charges & documents
- Dividends
- Portfolio
- Risk profile
- Management
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.
