Australian investors pile into gold as Global X cuts GXLD fee

31 August 2026

Australian investors are continuing to increase their exposure to gold, with more than $300 million flowing into the Global X Gold Bullion ETF (GXLD) this year as investors increasingly treat gold as a strategic portfolio allocation rather than simply a defensive asset.

In response to growing demand, Global X ETFs, Australia's largest gold manager with more than $7 billion in physical gold assets under management, has reduced the management fee on GXLD from 0.15% to 0.14% per annum, effective 1 September 2026.

GXLD continues to be the lowest cost option for Australians to access gold based on investment management fees and trading spreads.

The announcement follows a strong rebound in investor demand for gold ETFs. After significant industry outflows in June, Australian investors returned to the asset class in July, directing $334 million into gold bullion and gold mining ETFs, making it the fourth-strongest month on record for the category. More than half of those inflows, $181 million, were invested in Global X's gold ETF suite of GOLD, GXLD and GHLD.

Alex Zaika, Chief Executive Officer of Global X, said recent flow trends suggest Australian investors are becoming more confident allocating to gold through different market environments.

"What's notable is not just the strength of demand for gold, but how investors are responding to periods of weakness. After outflows in June, investors returned strongly in July, suggesting many increasingly view pullbacks in the gold market as buying opportunities rather than reasons to reduce exposure,” he said.

"We're seeing more investors use gold as a long-term strategic allocation within diversified portfolios. Gold's role today extends beyond traditional safe-haven investing, with many investors recognising its ability to diversify portfolios and help preserve purchasing power over time."

Since 1 July, investors have poured $321 million into Global X gold ETFs, with more than $120 million invested last week alone.

Mr Zaika said the fee reduction reinforces GXLD's position as a dedicated solution for investors seeking low-cost access to physical gold.

"As investors become more sophisticated in how they use gold, they're increasingly selecting products that align with specific objectives.

"GOLD has become the preferred vehicle for investors seeking liquidity and efficient trading, while GXLD is designed for investors focused on low-cost, long-term exposure to physical gold. GHLD provides an alternative for investors seeking currency-hedged exposure."

Global X manages more than $7 billion in physical gold bullion across GOLD, GXLD and GHLD and has provided Australian investors with access to physical gold through ETFs for more than two decades.

"With more than $7 billion invested in gold bullion across our range, Global X has established itself as Australia's leading gold ETF provider. Our scale allows us to continue improving value for investors while maintaining access to one of the country's largest and most established gold ETF offerings,” Mr Zaika concluded.

For All Media Queries

Please contact James Mitchell, Global X Australia | +61 413 619 034 | james.mitchell@globalxetfs.com.au

About Global X ETFs Australia

Global X ETFs Australia is a leading ETF provider with a growing range of cost-effective and innovation-led products which are built to help Australian investors achieve their investment outcomes by providing access to a successful pool of ETFs across thematics, income, commodities, digital assets and more. Global X Australia’s nuanced understanding of the local market is backed by international resources and expertise to deliver a beyond ordinary experience for all stakeholders.

About Global X ETFs

Global X ETFs was founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features almost 430 ETF strategies worldwide and over US$165 billion in assets under management.¹ While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than US$800 billion in assets under management worldwide². 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 over US$208 billion in assets under management.³

<sup>1. Assets under management as at June 2026, Global X
2. Assets under management as at June 2026, Mirae Asset Financial Group
3. Assets under management as at June 2026, Mirae Asset Global Investments</sup>

Disclaimer

Issued by Global X Management (AUS) Limited (‘Global X’) (AFSL 466778, ACN 150 433 828). Global X Physical Gold (GOLD), Silver (ETPMAG), Platinum (ETPMPT), Palladium (ETPMPD) and Precious Metals Basket (ETPMPM) are issued by Global X Metal Securities Australia Limited, a corporate authorised representative (CAR No: 001274650) under Global X. This is general information only and not personal advice. This communication doesn't consider your personal circumstances or needs. Investors should consider whether these products are appropriate for them, obtain financial advice and read the product disclosure statement (PDS), prospectus (as applicable) and target market determination (TMD) before making investment decisions. All PDSs, prospectuses and TMDs are available on our website: www.globalxetfs.com.au. Investment in any products are subject to risks, including possible delays in repayment and loss of income and principal invested. Past performance is not a reliable indicator of future performance. This content may not be reproduced, distributed or published by any recipient for any purpose. Global X nor any of its affiliates make any warranty as to the accuracy of any data used or displayed in this communication or to the performance of any product.