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The Zacks Analyst Blog Highlights SPDR Gold Trust ETF, iShares Gold Trust, SPDR Gold MiniShares Trust, Aberdeen Standard Physical Swiss Gold Shares ETF and iShares Gold Trust Micro
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For Immediate Release
Chicago, IL – January 6, 2023 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: SPDR Gold Trust ETF (GLD - Free Report) , iShares Gold Trust (IAU - Free Report) , SPDR Gold MiniShares Trust (GLDM - Free Report) , Aberdeen Standard Physical Swiss Gold Shares ETF (SGOL - Free Report) and iShares Gold Trust Micro (IAUM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Gold Set to Shine in 2023: Bet on These ETFs
Gold has had a solid start this year, with prices hitting the highest levels since mid-June. The recessionary fears, easing inflation, pull-back in the U.S. dollar, the Fed minutes and geopolitical risks are driving the metal higher, with analysts expecting further gains this year.
As such, investors should tap the strength with the popular ETFs in the space. These funds below all have a Zacks ETF Rank #3 (Hold).
The Fed minutes revealed that the central bank will continue increasing the rates to control inflation but in a gradual way intended to limit the risks to economic growth. This has offered some relief to bullion as the dollar weakens on the prospect of smaller interest rate hikes after a stellar run in 2022 (read: Gold ETFs Shining on Bullion's Biggest Monthly Gain in 2 Years).
Additionally, inflation in the United States has cooled down gradually, underscoring that the worst has likely passed. The consumer price index jumped 7.1% year over year in November, down from a 7.7% year-over-year increase in October and a peak of 9.1% in June. This represents the lowest annual increase since late 2021.
Further, widespread COVID-19 cases in China have added to the gloom over a long-term slump in its property sector that has raised the demand for gold as a safe haven. This is because gold is often used as a means of preserving wealth during times of financial and political uncertainty. It usually does well when other asset classes struggle.
Bullion prices were also boosted by increased safe-haven demand as the International Monetary Fund warned of a potential recession in 2023. A third of the global economy will be in recession this year, per the agency.
Here’s a detailed discussion of the five ETFs mentioned earlier:
SPDR Gold Trust ETF
SPDR Gold Trust ETF tracks the price of gold bullion measured in U.S. dollars and is kept in London under the custody of HSBC Bank USA. It is an ultra-popular gold ETF with AUM of $53.4 billion and a heavy volume of about 5 million shares a day (read: ETFs to Benefit as Inflation Drops to One-Year Low).
SPDR Gold Trust ETF charges 40 bps in fees per year from investors.
iShares Gold Trust
iShares Gold Trust offers exposure to the day-to-day movement of the price of gold bullion. It is backed by physical gold under the custody of JP Morgan Chase Bank in London.
iShares Gold Trust charges 25 bps in annual fees. It is liquid and popular, trading in average daily volumes of 4.5 million shares and has AUM of $26.1 billion.
SPDR Gold MiniShares Trust
SPDR Gold MiniShares Trust seeks to reflect the performance of the price of gold bullion. It is a slightly modified alternative to the State Street behemoth gold fund SPDR Gold Trust ETF.
SPDR Gold MiniShares Trust is the low-cost choice in the U.S. listed physically gold-backed ETF space, charging investors 10 bps in annual fees. It has $5.2 billion in AUM and trades in a solid average daily volume of 1.6 million shares.
Aberdeen Standard Physical Swiss Gold Shares ETF
Aberdeen Standard Physical Swiss Gold Shares ETF tracks the price of gold bullion. The Trust holds allocated physical gold bullion bars stored in secure vaults in Zurich, Switzerland and London, the United Kingdom (read: Can Gold ETFs Rebound Ahead?).
Aberdeen Standard Physical Swiss Gold Shares ETF has amassed $2.4 billion in its asset base and trades in a solid volume of 1.7 million shares per day. It charges 17 bps in annual fees per year.
iShares Gold Trust Micro
iShares Gold Trust Micro offers exposure to the day-to-day movement of the price of gold bullion. It is the lowest-cost gold ETF on the market, having an expense ratio of 0.09%. iShares Gold Trust Micro has amassed $1.1 billion in its asset base while trading in an average daily volume of 341,000 shares.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights SPDR Gold Trust ETF, iShares Gold Trust, SPDR Gold MiniShares Trust, Aberdeen Standard Physical Swiss Gold Shares ETF and iShares Gold Trust Micro
For Immediate Release
Chicago, IL – January 6, 2023 – Zacks.com announces the list of stocks and ETFs featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs recently featured in the blog include: SPDR Gold Trust ETF (GLD - Free Report) , iShares Gold Trust (IAU - Free Report) , SPDR Gold MiniShares Trust (GLDM - Free Report) , Aberdeen Standard Physical Swiss Gold Shares ETF (SGOL - Free Report) and iShares Gold Trust Micro (IAUM - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Gold Set to Shine in 2023: Bet on These ETFs
Gold has had a solid start this year, with prices hitting the highest levels since mid-June. The recessionary fears, easing inflation, pull-back in the U.S. dollar, the Fed minutes and geopolitical risks are driving the metal higher, with analysts expecting further gains this year.
As such, investors should tap the strength with the popular ETFs in the space. These funds below all have a Zacks ETF Rank #3 (Hold).
The Fed minutes revealed that the central bank will continue increasing the rates to control inflation but in a gradual way intended to limit the risks to economic growth. This has offered some relief to bullion as the dollar weakens on the prospect of smaller interest rate hikes after a stellar run in 2022 (read: Gold ETFs Shining on Bullion's Biggest Monthly Gain in 2 Years).
Additionally, inflation in the United States has cooled down gradually, underscoring that the worst has likely passed. The consumer price index jumped 7.1% year over year in November, down from a 7.7% year-over-year increase in October and a peak of 9.1% in June. This represents the lowest annual increase since late 2021.
Further, widespread COVID-19 cases in China have added to the gloom over a long-term slump in its property sector that has raised the demand for gold as a safe haven. This is because gold is often used as a means of preserving wealth during times of financial and political uncertainty. It usually does well when other asset classes struggle.
Bullion prices were also boosted by increased safe-haven demand as the International Monetary Fund warned of a potential recession in 2023. A third of the global economy will be in recession this year, per the agency.
Here’s a detailed discussion of the five ETFs mentioned earlier:
SPDR Gold Trust ETF
SPDR Gold Trust ETF tracks the price of gold bullion measured in U.S. dollars and is kept in London under the custody of HSBC Bank USA. It is an ultra-popular gold ETF with AUM of $53.4 billion and a heavy volume of about 5 million shares a day (read: ETFs to Benefit as Inflation Drops to One-Year Low).
SPDR Gold Trust ETF charges 40 bps in fees per year from investors.
iShares Gold Trust
iShares Gold Trust offers exposure to the day-to-day movement of the price of gold bullion. It is backed by physical gold under the custody of JP Morgan Chase Bank in London.
iShares Gold Trust charges 25 bps in annual fees. It is liquid and popular, trading in average daily volumes of 4.5 million shares and has AUM of $26.1 billion.
SPDR Gold MiniShares Trust
SPDR Gold MiniShares Trust seeks to reflect the performance of the price of gold bullion. It is a slightly modified alternative to the State Street behemoth gold fund SPDR Gold Trust ETF.
SPDR Gold MiniShares Trust is the low-cost choice in the U.S. listed physically gold-backed ETF space, charging investors 10 bps in annual fees. It has $5.2 billion in AUM and trades in a solid average daily volume of 1.6 million shares.
Aberdeen Standard Physical Swiss Gold Shares ETF
Aberdeen Standard Physical Swiss Gold Shares ETF tracks the price of gold bullion. The Trust holds allocated physical gold bullion bars stored in secure vaults in Zurich, Switzerland and London, the United Kingdom (read: Can Gold ETFs Rebound Ahead?).
Aberdeen Standard Physical Swiss Gold Shares ETF has amassed $2.4 billion in its asset base and trades in a solid volume of 1.7 million shares per day. It charges 17 bps in annual fees per year.
iShares Gold Trust Micro
iShares Gold Trust Micro offers exposure to the day-to-day movement of the price of gold bullion. It is the lowest-cost gold ETF on the market, having an expense ratio of 0.09%. iShares Gold Trust Micro has amassed $1.1 billion in its asset base while trading in an average daily volume of 341,000 shares.
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Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.