Gold exchange-traded funds (ETFs) have gained immense popularity among investors seeking exposure to the precious metal without the need for physical ownership. In 2024, the landscape of gold ETFs is evolving, with some funds standing out as the largest and most prominent players in the market. Let’s take a closer look at the five biggest gold ETFs in 2024, based on their assets under management and performance metrics.
1. **SPDR Gold Shares (GLD):** With over $50 billion in assets under management, SPDR Gold Shares is one of the largest and most well-known gold ETFs in the world. GLD has been a popular choice for investors looking to track the price of gold bullion. The fund’s transparent structure and competitive expense ratio have contributed to its success in attracting both retail and institutional investors.
2. **iShares Gold Trust (IAU):** iShares Gold Trust is another heavy-hitter in the gold ETF space, boasting assets under management exceeding $20 billion. IAU offers investors a cost-effective way to gain exposure to gold prices, with a low expense ratio compared to many other gold ETFs. The fund’s liquidity and tradability make it a preferred option for those looking to invest in gold through an ETF.
3. **SPDR Gold MiniShares Trust (GLDM):** As a more affordable alternative to GLD, the SPDR Gold MiniShares Trust has rapidly grown in popularity since its inception. With assets under management surpassing $10 billion, GLDM provides investors with exposure to gold at a lower price point, making it accessible to a broader range of individuals. The fund’s smaller share size and competitive expense ratio have contributed to its appeal among retail investors.
4. **GraniteShares Gold Trust (BAR):** The GraniteShares Gold Trust is a relatively new player in the gold ETF space but has quickly gained traction with investors. With assets under management approaching $5 billion, BAR offers a cost-effective way to invest in physical gold, with a competitive expense ratio and straightforward structure. The fund’s focus on providing investors with a direct investment in gold bullion has resonated with those seeking a purer play on the precious metal.
5. **Aberdeen Standard Physical Gold Shares ETF (SGOL):** Rounding out the list of the biggest gold ETFs in 2024 is the Aberdeen Standard Physical Gold Shares ETF, with assets under management exceeding $3 billion. SGOL offers investors a convenient way to invest in gold, backed by physical holdings stored in secure vaults. The fund’s transparency, along with its competitive expense ratio and liquidity, has made it a popular choice for those looking to diversify their portfolios with exposure to gold.
In conclusion, the gold ETF landscape in 2024 features several standout funds that have captured the attention of investors seeking exposure to the precious metal. Each of the five biggest gold ETFs outlined here offers its own unique features and benefits, catering to a wide range of investor preferences and objectives. Whether you’re looking for cost efficiency, transparency, or direct exposure to physical gold, there’s likely a gold ETF that aligns with your investment strategy and goals.