Gold Price Canadian Etf

The fees for the etf are high at 0 78. There s also the horizons gold yield etf hgy which offers canadian dollar hedged exposure to gold bullion and a covered call options strategy as a way to create income. Exchange traded funds etfs provide an easy way to invest in gold and canadians have several options for exposure to this precious metal.

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Below i have identified 4 low cost gold bullion etfs available on the tsx.

Gold price canadian etf. The former tracks the price of gold while the latter is an etf backed by physical gold. This both leverages your returns to the price of gold as well as eliminates single stock risk. Its mer is 0 6 per.

Cgl mer 0 56 1b ishares gold bullion etf unhedged. Horizons gold etf symbol. Ishares gold bullion etf is based in whole or in part on the lbma gold price pm owned by precious metals prices limited sourced by and licensed to ice benchmark administration as the administrator operator and publication agent of the lbma gold price and is used by blackrock asset management canada limited with permission under sublicense by ice.

This etf seeks to provide 200 of the daily performance of comex gold futures contract for the next month. Cgl c mer 0 55. Horizons hug seeks investment results before fees.

While this fund s capital growth has not equaled the performance of xgd it does boast a superior dividend yield. Since it is rebalanced daily holding it for longer periods of time may not give you the result you re looking for even if gold prices rise. Instead it holds two other gold etfs graniteshares gold trust and spdr gold shares.

It does this through forward agreements with canadian banks. For a canadian investor owning an unhedged gold etf in my opinion is the purest way to own the metal. Here are 5 of the most popular canadian gold etfs along with a brief overview of each.

As of september 2020 this canadian etf has 1 08 billion in assets and has a net asset value of 15 10 per share. Canadian energy etf another industry etf that would be a great choice right now is the ishares s p. Note that some are hedged and some are not.