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IBA confirmed as new administrators of the new LBMA Gold Price


iShares is notifying unitholders of iShares Gold Bullion ETF (CGL) regarding a change in the pricing source used in the valuation of gold bullion.

The London Bullion Market Association (LBMA) has announced that, effective 20 March, 2015, it will launch the new LBMA Gold Price which will replace the London Gold Fix. 

The LBMA has confirmed ICE Benchmark Administration (IBA) as the new, third party administrator for the LBMA Gold Price. With effect from 20 March, 2015, the iShares Gold Bullion ETF (CGL) expects to use this new gold price mechanism for valuing gold bullion.

This change in pricing source will not affect the CGL’s investment objective, which will continue to replicate the performance of the price of gold bullion, less CGL’s fees and expenses, by investing in long-term holdings of unencumbered gold bullion in 100 or 400 troy ounce international bar sizes.

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