Canadian Gold ETFs
/Gold ETFs Canada
First Published Date: August 24, 2011 ADawnJournal.com
As global stock markets stumble and take a deep plunge, investors across the globe take shelter in one specific metal – gold. Gold has had an immense impact on human civilization. It caused the fall of nations, pushed the Age of Discovery, made some people rich and others poor. It is something that we all cherish and we all want more of it. In search for more gold, what can be better than gold ETFs? Today, I am going to discuss some gold ETFs I like. ETFs trade on stock exchanges just like stocks and you can buy them through your discount brokerage account or through a licensed financial advisor. For more information on ETFs, please visit A Dawn Journal ETF Section.
Central Gold Trust ETF (TSX: GTU.U) – Established in 2003, this is a pure gold trust holding gold bullion stored in the treasury vault facilities of a bank in Canada. As of the end of December 2010, GTU assets consisted of 604,676 ounces of gold bullion, 6,156 ounces of gold certificate totalling 610,832 ounces.
iShares S&P TSX Global Gold Index Fund ETF (TSX: XGD, MER: 0.57% ) – This ETF tracks the performance of the S&P/TSX Global Gold Index – which tracks the world’s leading gold companies. iShares ETFs are managed by BlackRock Asset Management Canada Limited.
Claymore Gold Bullion ETF (TSX: CGL, MER: 0.54%) – This ETF physical gold and tries to replicate the performance of gold bullion price.
iShares COMOX Gold Trust ETF (TSX: IGT, MER: 0.40% ) – This is a U.S. gold ETF that trades on the TSX. It owns physical gold and trades in Canadian dollars.
Horizon COMOX Gold ETF (TSX: HUG, MER: 0.65%) – This ETF tries to track the performance of the COMEX gold futures. BetaPro Management Inc. is the portfolio manager.
BMO Junior Gold Index ETF (TSX: ZJG, MER: 0.55%) – If you like junior gold companies, this may be for you. This ETF tracks the performance of the Dow Jones North American Select Junior Gold Index.
Disclosure – This article is for information purposes only and No information is intended as investment, tax, accounting or legal advice, or as an offer to sell or buy or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security, ETF, or fund. The author assumes no liability for any inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon. You bear responsibility for your own investment research and decisions, and should seek the advice of a qualified financial professional before making any investment decision. I own some of the ETFs mentioned here.
