Bringing you live news and features since 2006 

Invesco reduces fee on USD4.5 billion Physical Gold ETC

RELATED TOPICS​

Invesco is reducing the annual fixed fee on the USD4.5 billion Invesco Physical Gold ETC, the largest of the firm’s exchange-traded products (ETPs) listed in Europe.

It has the lowest overall cost of any gold ETP available in Europe, combining one of the lowest annual fixed fees with tight bid-offer spreads typically around 3 basis points.
 
Demand for gold has been increasing in recent months. The Invesco Physical Gold ETC has captured USD190 million of net inflows since 1 October this year, while more than USD1 billion of net assets have gone into all gold ETPs listed in Europe.
 
Chris Mellor, Head of EMEA ETF Commodity Product Management at Invesco, said, “Gold could provide useful diversification for investors who are worried about volatile equity markets and the possible impact of slowing economic growth, trade wars and Brexit. One of the big attractions of gold as an investment is that it tends to behave differently than other asset classes, especially equities. For investors considering adding exposure, we’ve just made it even more attractive from a cost perspective.”
 
The Invesco Physical Gold ETC is designed to provide the performance of the gold price, less the annual fee. Investments are used to purchase physical gold bars, which are held in an allocated account and stored securely in the London vaults of JP Morgan Chase Bank. Investing in a gold ETC is much more cost-efficient and practical than buying and holding gold, which involves arranging transportation, storage and insurance.
 

Latest News

Matteo Greco, Research Analyst at Fineqia International, writes that bitcoin (BTC) ended last week at approximately USD60,800, marking an 8.8..
Amundi reports that in the first six months of the year, European UCITS ETF inflows reached a record high of..
Morningstar has released its European ETF asset flow update for Q2 2024 which shows that the European ETF and ETC..
ETF issuer WisdomTree has announced that it has partnered with commission-free investing app Trading 212 to offer six ETF model..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
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