Bringing you live news and features since 2006 

Invesco launches GBP-hedged version of USD11 billion Physical Gold ETC


Invesco has launched a GBP-hedged version of its USD11 billion Physical Gold ETF in response to increased demand.Gold has been the most sought-after asset in Europe over the first six months of the year, with physical gold exchange-traded products gathering USD12.5 billion of net inflows, eclipsing the amount invested in any previous full year. Record demand for what is often perceived as a “safe haven” asset is being driven by several factors but particularly the uncertainty over the pandemic’s impact on the global economy. 

The ability of central banks to support their domestic economies through the crisis has resulted in differences in growth forecasts, interest rates and currency valuations. For example, the USD/GBP exchange rate in 2020 has ranged from a high of over 1.32 at the start of the year to a low of just under 1.15.
Currency fluctuations can have a material impact on investors. Quoted in US Dollars, the gold price has risen by 16.7% over the first six months of the year but is up by 23.7% over the same period when converted to Sterling.
Chris Mellor, Head of ETF Equity and Commodity Product Management at Invesco, says: “Many investors this year have told us they want exposure to the gold price but not the currency risk attached to a US dollar asset. We are now able to offer these investors currency-hedged versions of the Invesco Physical Gold ETC, our largest exchange-traded product in Europe.”

Latest News

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..
BlackRock writes that May marked the highest inflow month of the year for both rates and high yield (HY) ETPs,..

Related Articles

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...
Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
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