Physical Gold (GOLD) – Global X ETFs Australia

GOLD


Physical Gold

Reasons to Consider GOLD

Market Leader

GOLD is the largest and most liquid gold-backed exchange traded product in Australia.

Delivering Over the Long-Term

Since its inception back in 2003, GOLD has continued to deliver investors returns mirroring the growth in the Australian dollar gold price.

Cost Effective

GOLD delivers a cost-effective solution with the lowest bid/ask spread in the market.

Product Information As of 20 Jun 2024

Inception Date 28 Mar 2003
Management Costs (% p.a.) 0.40
Currency Hedged No
Domicile Australia
Legal Form Redeemable preference share with an entitlement to metal
SMSF Eligible Yes
Vault Location London, UK

Metal Entitlement As of 20 Jun 2024

Metal Entitlement File View

NAV Information As of 20 Jun 2024

NAV/Unit (A$) 32.53577290
iNAV 32.6881
iNAV as of 04:29 PM
Currency (NAV) AUD
Shares Outstanding 93,772,150
AUM (A$) 3,050,949,373.00
NAV History File View

Product Summary

Global X Physical Gold (GOLD) offers a simple way to invest in physical gold. For over two decades, it has consistently delivered investors a return mirroring the growth in the Australian dollar gold price, minus the annual management fee.

Product Objective

Global X Physical Gold (GOLD) seeks to provide investment results that correspond generally to the price performance, before fees and expenses, of the Gold Price PM in Australian dollars.

Trading Details

Ticker GOLD
Bloomberg Code GOLD AU Equity
ISIN AU00000GOLD7
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Metal Securities Australia Limited
Custodian JPMorgan Chase Bank, N.A.
Registrar Computershare Investor Services Pty Limited
Trustee Gold Bullion Nominees

Distributions

Distribution Frequency None

Performance Table As of 20 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month -2.73% -2.69% -0.03% 0.01%
3 Months 6.65% 6.76% -0.11% 0.01%
1 Year 23.15% 23.64% -0.50% 0.02%
3 Year p.a. 13.69% 14.15% -0.46% 0.02%
5 Year p.a. 11.63% 12.08% -0.45% 0.02%
10 Year p.a. 9.25% 9.69% -0.44% 0.05%
Since Inception p.a. 8.72% 9.14% -0.42% 0.03%

Research

FAQs

  • Where is the metal stored?

    The physical gold bullion for GOLD is held in the vault(s) of JPMorgan Chase Bank, N.A. in London. The vault is audited twice a year by the auditor Inspectorate. All audit reports are made available in the resources section below. Each gold bar in the vault is itemised in a bar-list which is also available in the resources section below.
  • How is the management fee paid?

    Each unit in GOLD comes with an entitlement to an amount of physical bullion. This amount was 0.093512543 fine troy ounces as at 1 January 2021. The entitlement is reduced daily by a management fee of 0.40% per annum.
  • How do I redeem units for the physical metal?

    To redeem for physical gold, an investor needs to:

    1. Complete and send a redemption form
    2. Open an unallocated bullion account with an authorised bullion dealer and
    3. Pay a redemption fee of up to $1,000 for each redemption.

    Depending on the quantity of the order, investors may find that selling units in the secondary market is a more cost-efficient option, especially for small quantities.
  • How can I use GOLD in a portfolio?

    Gold has a low to negative level of correlation with other asset classes, such as equities and fixed income, and can therefore be used to enhance a portfolio’s overall risk/return characteristics through the benefits of diversification.

    Gold has historically performed well during periods of high equity market volatility due to its safe-haven status and can therefore be used as an event risk hedge.

    For centuries gold has been used as a store of value and is independent of the value of any fiat currency. As such, gold is commonly cited as a hedge against inflation.

    Gold can be used as a strategic investment based on its own fundamentals, which relate to its unique supply and demand characteristics. Supply relates to both mine production and available above-ground stock. Demand primarily comes from:

    1. Consumers; in the form of jewellery, bars and coins
    2. Industrial users; such as electronics component manufacturers
    3. Investors; including direct holders and ETF investors, and
    4. Central banks; who maintain large gold reserves

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.

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