Physical Gold ETFs
This article lists the largest Physical Gold ETFs available to U.S. and European investors.
U.S. investors
| ETF Name | Symbol | Assets under Management (Q4'21) | Fees | Currency | Custodian (i.e. where the physical gold is located) |
| SPDR Gold Shares | GLD | $56.6b | 0.40% | USD | HSBC in London, UK |
| iShares Gold Trust | IAU | $27.9b | 0.25% | USD | JP Morgan Chase in New York, U.S. and London, UK |
Bridgewater Associates’ Gold Holdings are both in GLD and IAU, the two largest Gold ETFs.
European investors
| ETF Name | ISIN | Assets under Management (Q4'21) | Fees | Currency | Custodian (i.e. where the physical gold is located) |
| Invesco Physical Gold ETC | IE00B579F325 | $14.1b | 0.12% | USD | JP Morgan Chase in London, UK |
| Xetra-Gold | DE000A0S9GB0 | $13.6b | 0.30% | EUR | Clearstream Banking AG in Germany (i.e. Germany's central securities depository) |
| iShares Physical Gold ETC | IE00B4ND3602 | $12.6b | 0.12% | USD | JP Morgan Chase in London, UK |
| WisdomTree Physical Swiss Gold | JE00B588CD74 | $3.6b | 0.15% | USD | JP Morgan Chase in Zurich, Switzerland |
There are ETFs with slightly more assets under management than the Wisdom Tree Physical Swiss Gold ETF, but it’s the largest ETF with a Custodian located in Switzerland. We generally prefer the Custodian holding the physical Gold in Switzerland.
Disclaimer: The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances.
