Product description

The Invesco Physical Gold ETC aims to provide the performance of London Gold Market PM Fixing Price in USD. Each Gold ETC is a certificate which is secured by gold bullion held in J.P. Morgan Chase Bank’s London vaults. The issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by Wells Fargo Bank N.A. The vast majority of the gold bullion collateral is held in allocated gold bars. Any residual value that cannot be split into standard gold bars will be put into unallocated gold. This is placed in a segregated account with J.P. Morgan Chase Bank acting as Custodian and Deutsche Bank as Trustee. The investment return is achieved by holding gold bullion which is valued daily at the London PM fixing price. Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.

Please note that, prior to 27 March 2018, the name of this product was Source Physical Gold ETC. This change has no bearing on the investment objective or any other aspect of the product.

Key information

Bloomberg ticker SGLD LN
ISIN IE00B579F325
DE000A1MECS1
Benchmark BBG ticker GOLDLNPM
Fixed fee 0.29%
CV (12 Dec 2018) $121.20
Total assets outstanding $4,526,628,078
Base currency USD

Key fund risks

If the issuer cannot pay the specified return, the gold will be used to repay investors. Investors will have no claim on the other assets of the Issuer.

 

The performance information on this web page refers to past performance. Past performance is not a reliable indicator of future returns.

The data shown on this page is not real-time, i.e. it may be delayed due to mandatory requirements of the data provider. As a consequence, the price of the product linked to a specific underlying you are quoted by your broker or intermediary may substantially differ from the price of the product that you would expect on the basis of the data displayed on this site. Source UK Services Limited accepts no responsibility for loss, however caused, resulting from errors in this data.

ETC performance is in the base currency, and is based on Net Asset Value after management fees. It does not consider commissions or custody fees payable when buying, holding or selling the ETC. The ETC does not charge entry or exit fees. Data: Invesco.

1. The daily precious metal entitlement is the amount of Fine Troy oz that is held as collateral for each certificate and decreases by the management fee which accrues daily. The total precious metal held is only reduced over a month when precious metal is sold to pay fees. The precious metal entitlement takes fees into account on a daily basis.
2. Total precious metal data up to date with last precious metal bar list appended to website.