Invesco Physical Gold GBP Hedged ETC
Product description
The Invesco Physical Gold GBP Hedged ETC aims to provide the performance of the spot gold price through certificates collateralised with physical gold. The ETC uses a hedging mechanism which is designed to reduce the exposure of the underlying precious metal (and hence the relevant certificates) to exchange rate fluctuations between US dollars and the currency in which the ETC is denominated.
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 J.P. Morgan Administration Services (Ireland) Limited.
The investment return is achieved by holding gold bullion, which is valued daily at the PM auction for the London Bullion Market Association ("LBMA") Gold price. The ETC will use a “swing bar” approach, whereby gold bullion equal to at least the full value of the certificates will be held in an allocated account in the name of the issuer. The mark-to-market of the hedging mechanism is realised daily through the purchase or sale of physical gold to ensure the structure remains fully invested in gold.
The latest indication provided by the custodian shows that 100% of gold bars held in the segregated account of the Gold ETC are minted post-2012, meaning they adhere to the LBMA Responsible Gold Guidance in compliance with the highest ethical standards.
Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.
Trading information
| London Stock Exchange | |
|---|---|
| Trading currency | GBX |
| Settlement period | T+2 |
| Exchange ticker | SGLS |
| Bloomberg ticker | SGLS LN |
| Reuters ticker | SGLS.L |
| WKN | A28QBF |
| Valor | 55528536 |
| Sedol | BLF0JQ0 |
Data source: London Stock Exchange Group
Key information
| Bloomberg ticker | SGLS LN |
| ISIN | XS2183935605 |
| Benchmark BBG ticker | GOLDLNPM |
| Fixed fee | 0.12% |
| FX Hedge Fee | 0.15% |
| CV (24 Apr 2024) | £51.65 |
| Total assets outstanding | £537,803,353 |
| Base currency | GBP |
| Summary Risk Indicator (SRI) | 4 |
| Umbrella AUM (24 Apr 2024) | £13,339,198,207 |
| Entitlement (24 Apr 2024) | 0.027690757 |
Key documents
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. Invesco 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.
The risk / reward profile classifies the fund by an indicator representing the levels from the lowest (1) to the highest (7). For more information see the KID/KIID.
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