Product description

The Invesco Physical Gold ETC aims to provide the performance of the spot gold price through certificates collateralised with physical gold. 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 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.

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.

Security Information

General information
Base currency USD
Dividend treatment None
Minimum investment 1 certificate
Launch date 24 Jun 2009
Certificates outstanding 74,357,212
Exchanges London Stock Exchange
Borsa Italiana
SIX Swiss Exchange
Deutsche Börse (Xetra)
Euronext Amsterdam
Further information
ISA Eligible
SIPP Eligible
UCITS Eligible
UK reporting status Yes
Passported to Austria, Belgium (Institutional), Chile (Institutional), Denmark (Institutional), Finland, France, Germany, Ireland, Israel (Institutional), Italy, Luxembourg, Netherlands, Norway, Portugal (Institutional), Spain, Sweden, Switzerland, United Kingdom
Structure
Legal form Certificate (PD compliant)
Replication method Physical
Assets owned Physical Gold
Domicile Ireland
Financial year end 31 December
Tax information for German investors
We are currently working on a daily feed to third party providers. In the meantime, we can send you the daily equity ratio directly.
Please contact Sebastian Stoehr to receive the information (Email: Sebastian.stoehr@invesco.com)
Key service providers
Issuer Invesco Physical Markets PLC
Fund administrator J.P. Morgan Administration Services (Ireland) Limited
Portfolio administrator J.P. Morgan Administration Services (Ireland) Limited
Depositary JPMorgan Chase Bank, N.A.
Trustee Intertrust Trustees Limited
Auditor KPMG
Promoter Invesco UK Services Ltd

Key information

Bloomberg ticker SGLD LN
ISIN IE00B579F325
Benchmark BBG ticker GOLDLNPM
Fixed fee 0.15%
CV (28 Jul 2021) $173.88
Total assets outstanding $12,929,514,572
Base currency USD
Umbrella AUM (28 Jul 2021) $13,457,718,456
Entitlement (28 Jul 2021) 0.096784605

Key documents

Key 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. 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.