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SPDR Gold Shares (also known as SPDR Gold Trust) is part of the SPDR family of exchange-traded funds (ETFs) managed and marketed by State Street Global Advisors. For a few years, the fund was the second-largest exchange-traded fund in the world, and it was briefly the largest. [1] [2] [3] As of the close of 2014, it dropped out of the top ten. [4]
SPDR Gold Shares (NYSE: GLD) Hallmarked gold bars in secure storage Founded by State Street Global Advisors in 2004, GLD is an ETF that trades on the NYSE in the U.S. GLD also trades on exchanges ...
The SPDR S&P 500 Trust is the largest ETF in the world by total assets under management. SSGA also manage the SPDR Gold Shares , the largest commodity based ETF in the world. [ 3 ]
SPDR Gold Shares (GLD) GLD is one of the most popular ETFs available. The fund invests in physical gold, and its performance is highly correlated to gold spot prices.
SPDR Gold Shares, a gold exchange-traded fund, is a grantor trust, and each share represents ownership of one-tenth of an ounce of gold. [ 69 ] [ 70 ] Most commodity ETFs own the physical commodity.
Three of the largest ETFs include SPDR Gold Shares (GLD), iShares Gold Trust (IAU) and abrdn Physical Gold Shares ETF (SGOL). The goal of ETFs such as these is to match the price performance of ...
The annual fee charged by State Street Corporation as sponsor of SPDR Gold Shares, the largest gold-backed fund in the world, is 0.40% of the assets in the fund. [1] In some countries, gold ETFs represent a way to avoid the sales tax or the Value-added tax which would apply to physical gold gold coins and gold bars.
Editor's Note: This article is part of InvestorPlace.com's Best ETFs for 2019 contest. Kent Thune's pick for the contest is the SPDR Gold Shares (NYSEARCA:GLD).A likely scenario when judging the ...