Gold continues to be a popular investment choice for individuals seeking to diversify their portfolios and hedge against economic uncertainties. One of the most convenient and accessible ways to invest in gold is through exchange-traded funds (ETFs), which offer exposure to the price movements of the precious metal without the need to physically own it.
In 2024, the gold market has seen significant interest from investors looking to protect their wealth amid global economic challenges. As a result, several gold ETFs have emerged as top performers in terms of market capitalization and investor demand. Here, we explore the five biggest gold ETFs in 2024 that have caught the attention of investors worldwide.
1. SPDR Gold Shares (GLD)
Topping the list of the biggest gold ETFs is the SPDR Gold Shares (GLD), which is known for its high liquidity and low expense ratio. With a market capitalization of over $50 billion, GLD provides investors with exposure to physical gold bullion and is backed by the World Gold Trust Services. This ETF has long been a favorite among gold investors due to its transparency and efficiency in tracking the price of gold.
2. iShares Gold Trust (IAU)
Following closely behind GLD is the iShares Gold Trust (IAU), which boasts a market capitalization of around $20 billion. IAU aims to reflect the performance of the price of gold and is backed by physical gold held in vaults. This ETF offers investors a cost-effective way to invest in gold and has gained popularity for its reliability and accessibility.
3. Aberdeen Standard Physical Gold Shares ETF (SGOL)
With a market capitalization of approximately $10 billion, the Aberdeen Standard Physical Gold Shares ETF (SGOL) has secured its spot as one of the largest gold ETFs in 2024. SGOL provides investors with exposure to physical gold stored in secure vaults and aims to track the performance of the gold spot price. This ETF is favored by many investors for its transparency and credibility.
4. VanEck Merk Gold Trust (OUNZ)
The VanEck Merk Gold Trust (OUNZ) is a unique gold ETF that allows investors to take physical delivery of gold bullion in exchange for their shares. With a market capitalization of over $5 billion, OUNZ appeals to investors looking for a flexible and innovative way to invest in gold. This ETF’s ability to offer physical delivery sets it apart from other gold ETFs and has garnered interest from a wide range of investors.
5. Invesco Physical Gold ETC (SGLD)
Rounding out the list of the five biggest gold ETFs in 2024 is the Invesco Physical Gold ETC (SGLD), which has a market capitalization of over $4 billion. SGLD provides investors with exposure to physical gold bars stored in London vaults and aims to track the performance of the gold price. This ETF is known for its efficiency in replicating the price movements of gold and has attracted a loyal investor base seeking a reliable gold investment option.
In conclusion, the gold market continues to offer investors a safe haven in times of economic uncertainty, and gold ETFs remain a popular choice for those looking to gain exposure to the precious metal. The five biggest gold ETFs in 2024, including SPDR Gold Shares, iShares Gold Trust, Aberdeen Standard Physical Gold Shares ETF, VanEck Merk Gold Trust, and Invesco Physical Gold ETC, have emerged as leading investment options for investors seeking to capitalize on the benefits of gold investing.