Gold exchange-traded funds (ETFs) have become increasingly popular among investors seeking exposure to the precious metal without physically owning it. As we look ahead to 2024, it is essential to understand the landscape of gold ETFs and their potential impact on investment portfolios. In this article, we will explore the five biggest gold ETFs by assets under management (AUM) in 2024.
1. SPDR Gold Shares (GLD)
SPDR Gold Shares (GLD) has been a dominant player in the gold ETF market for years. Backed by physical gold bullion, GLD has consistently attracted investors looking for a straightforward way to invest in gold. With its liquidity and long-standing reputation, GLD remains one of the top choices for those seeking exposure to the precious metal.
2. iShares Gold Trust (IAU)
iShares Gold Trust (IAU) is another leading gold ETF that offers investors exposure to gold prices through physical gold held in trust. With its lower expense ratio compared to many competitors, IAU has gained popularity among cost-conscious investors. The fund’s transparent tracking of gold prices and easy accessibility make it a compelling option for those looking to invest in gold.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL)
The Aberdeen Standard Physical Gold Shares ETF (SGOL) stands out for its focus on securely storing physical gold in vaults located in Switzerland. This emphasis on secure storage has resonated with investors seeking a trustworthy and reliable gold investment option. SGOL’s commitment to transparency and security has helped it become one of the largest gold ETFs in the market.
4. VanEck Merk Gold Trust (OUNZ)
VanEck Merk Gold Trust (OUNZ) offers a unique approach to gold investing by allowing investors to take physical delivery of gold if they choose. This added flexibility sets OUNZ apart from other gold ETFs and appeals to investors who value the option of owning physical gold. With its innovative approach and investor-friendly features, OUNZ has established itself as a prominent player in the gold ETF space.
5. SPDR Gold MiniShares Trust (GLDM)
SPDR Gold MiniShares Trust (GLDM) caters to investors looking for a cost-effective way to invest in gold. With its low expense ratio and easy tradability, GLDM has attracted a broad range of investors seeking exposure to gold without high fees. The fund’s efficient structure and competitive pricing have contributed to its position as one of the top gold ETFs by AUM.
In conclusion, gold ETFs offer investors a convenient and accessible way to gain exposure to the precious metal. As we look to 2024, the five largest gold ETFs mentioned in this article continue to play a significant role in the market, providing investors with diverse options for incorporating gold into their investment portfolios. By understanding the features and strengths of these top gold ETFs, investors can make informed decisions about how to best leverage these funds in their investment strategies.