For investors seeking momentum, abrdn Physical Gold Shares ETF SGOL is probably on the radar. The fund just hit a 52-week high and has moved up 38.6% from its 52-week low of $20.55 per share.
Asset Management Industry | Financial Services Sector | - CEO | LSE Exchange | US00326A1043 ISIN |
US Country | - Employees | - Last Dividend | 4 Nov 2019 Last Split | - IPO Date |
Investing in gold has historically been associated with direct acquisition of physical gold, a practice that involves considerable logistic and financial considerations including assay, transportation, warehousing, and insurance of the metal. Recognizing these challenges and the associated high costs, the company offers an innovative investment solution that simplifies and economizes the process of investing in gold without the need to deal with physical gold. This approach provides an effective alternative to traditional gold investments, making it accessible for investors to gain exposure to the gold market through the securities market. The company’s offering does not replicate a direct investment in physical gold but offers an analogous investment experience that seeks to mitigate the complications and expenses related to physical gold handling.