Bringing you live news and features since 2006 

International Gold Index launched by S-Network


S-Network Global Indexes has launched the S-Network International Gold Index (GLDP), which consists of gold and key foreign exchange rates.

Denominated in US dollars, the index offers long exposure to gold as if the gold were purchased using equal amounts of the European euro, Japanese yen, UK pound and US dollar. 

The index is designed to enhance the safe haven nature of gold in times of severe economic stress.
Live calculation of the index began on 28 November and historic data is available from 13 December 2004. The GLDP is calculated on excess return and total return bases in both USD and EUR.
Joseph LaCorte, chief executive of S-Network, says: “Recently, gold’s long-standing role as a safe haven during periods of economic turmoil has been compromised by the equally strong role of the US dollar as a safe haven.” 

GLDP is intended to diminish the negative impact a strong US dollar has on the price of gold during such periods.
Richard Phillips, senior index analyst at S-Network, says: “GLDP is uniquely constructed and is the first index to use foreign exchange forward contracts to gain exposure to the price of gold.”
The S-Network International Gold Index is published and calculated by S-Network Global Indexes. 

Latest News

Amundi’s ETF Market Flows Analysis for May finds that global ETF inflows were EUR105.1 billion with US-domiciled equity funds accounting..
MerQube has announced the appointment of Dave Mueller as Chief Financial Officer. Mueller brings 17 years experience operating in corporate..
Northern Trust Asset Management (NTAM), has announced that David Abner is joining as Head of Global ETFs and Funds...
Nvidia’s market cap surge to more than USD3 trillion making it the second most valuable company in the world almost..

Related Articles

CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Johnson, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Stuart Chaussee
In January this year, global data and business intelligence platform, Statista reported that there are now more than 8000 ETFs...
Ethereum coin
Last week saw Australia launch spot bitcoin ETFs, with Matteo Greco, Research Analyst at Fineqia International, writing that Monochrome Asset...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by