This exchange traded fund tracks an index of global companies involved in the gold industry, mainly miners. Income will be reinvested into the fund. The fund may use derivatives to hedge against currency risks.
Glad to see this back above 1200, as my average price this has been red for far too long!
I have a small position in this EFT, about 4% of my ISA. While I like it, the fee of 0.55% strikes me as too high. Many of the large global investment trusts have lower fees than this. Maybe a fairer comparison would be the AIC sector Commodities & Natural Resources, there the lowest cost investment trust is BlackRock World Mining with a fee of 0.99%. I think it’s a good play on gold and giving that inflation is back on the agenda, I am happy to hold for a while.
The fee is cheaper than BlackRock World Mining so not sure why you think it’s relatively expensive?
Well, for an ETF a fee of 0.55% is quite high. My other EFFs have fees from 0.1%-0.25%. You are right though, for a specialist ETF fees can be higher when no other alternative is out there.