Global X Gold Bullion ETF (ASX: GXLD)
The Global X Gold Bullion ETF (GXLD) offers investors a simple and highly cost-effective way to invest in physical gold.
Comparison Data
1Performance
| 1 month | 3 month | 1 year | 3 year | 5 year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
| -2.04% | 13.6% | 57.53% | - | - | 48.06% | 29 Apr 2024 |
Fees
| Management Fee | Performance Fee | Morningstar Total Cost Ratio |
|---|---|---|
| - | - | 0.15% |
Investment Highlights
The Global X Gold Bullion ETF (GXLD) provides a secure and cost-effective method for investors to gain exposure to physical gold. It seeks to deliver returns that track the Australian dollar price of gold bullion, offering a proven mechanism for portfolio diversification due to its historically negative correlation with Australian equities.
Every share represents a beneficial interest in physical gold bars, which are segregated and allocated within the JPMorgan Chase Bank vaults in London. This structure ensures the bullion adheres to the strict Good Delivery standards of the London Bullion Market Association while eliminating credit risk to the custodian. Serving as a robust alternative allocation, GXLD allows for tactical positioning based on gold's unique supply and demand characteristics. It functions as a liquid, exchange-traded instrument that provides the transparency of physical ownership with the ease of ordinary brokerage settlement.
The Global X Gold Bullion ETF (GXLD) gives you a simple and highly cost-effective way to invest in physical gold. It aims to offer a return equivalent to the movements in the Australian dollar price of gold, less the annual management fee. The gold bullion will be vaulted by JPMorgan Chase Bank, N.A. in London and adheres to global gold quality standards as per the London Bullion Market Association’s (LBMA) rules for Good Delivery.
The Global X Gold Bullion ETF (GXLD) seeks to provide a return that tracks the performance of the price of gold bullion in Australian dollars (before fees and expenses) by reference to the Gold Spot Price which is denominated in US Dollars and converted to Australian dollars.
- With a proven track record of strong long-term returns and a negative correlation to Australian equities, investing in AUD-denominated gold returns offers an exceptional opportunity for portfolio diversification.
- GXLD issues Gold Interests which are exchange traded, just like a share, and are settled and held in ordinary brokerage accounts.
- Each physical bar is segregated, and allocated specifically to GXLD, which means there is no credit risk.
- The gold bullion is held by JPMorgan Chase Bank, N.A., at one of the two largest commercial gold vaults in London, the epicentre of the global gold market.
- Adheres to global gold quality standards as per the London Bullion Market Association’s (LBMA) rules for Good Delivery.
- Investors in GXLD can redeem their Gold Interests directly for gold bullion, which is held on trust for them.
- GXLD can enhance a portfolio’s overall risk/return characteristics through diversification.
- It can be used as part of the alternatives allocation in a portfolio.
- As a tactical investment based on its unique supply and demand characteristics.
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Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.
Global X ETFs is a leading global ETF provider with a growing range of cost-effective and innovation-led products which are built to help investors and their advisers achieve better investment outcomes. While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Digital Assets funds to suit a wide range of investment objectives. Explore our ETFs, research, and insights, and more at www.globalxetfs.com.au.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than US$528 billion in assets under management worldwide.¹ Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with almost $100 billion in assets under management.²
¹ Assets under management as at March 2023, Mirae Asset Global Investments
² Assets under management as at June 2023, Mirae Asset Global Investments
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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