iShares Gold Trust is an exchange-traded fund (ETF) that was founded in January 2005. The trust is designed to track the performance of the price of gold, allowing investors to gain exposure to the precious metal without physically owning it. It operates under the ticker symbol "IAU" and is traded on major stock exchanges.
As an ETF, iShares Gold Trust invests primarily in gold bullion and aims to reflect the performance of the price of gold by holding physical gold bars. The trust holds the gold in secure vaults, and the value of its shares is directly linked to the price of gold. Investors can buy and sell shares of iShares Gold Trust on the stock market, providing a convenient and liquid way to invest in gold.
The trust's investment objective is to provide investors with a simple and cost-effective way to access the returns of the gold market. It offers investors the opportunity to diversify their portfolios and potentially hedge against inflation or economic uncertainty. The value of the trust's shares is closely tied to the price of gold, making it an attractive option for those seeking exposure to the precious metal.
iShares Gold Trust went public in January 2005 when it was listed on the New York Stock Exchange. Its launch as an ETF provided investors with a new and accessible avenue for investing in gold. By going public, the trust made its shares available to a wide range of investors, including individuals, institutions, and investment funds.
Since its inception, iShares Gold Trust has gained popularity among investors looking for a straightforward and cost-efficient way to invest in gold. The trust has attracted significant assets under management, reflecting the demand for gold as an investment asset. Its listing on major stock exchanges has provided liquidity and ease of trading, allowing investors to buy and sell shares efficiently.
As an investment vehicle, iShares Gold Trust provides a convenient way for investors to participate in the potential returns of the gold market. Its structure as an ETF and its focus on physical gold bullion make it an attractive option for those seeking exposure to the price of gold. iShares Gold Trust continues to serve as a popular choice for investors looking to diversify their portfolios or gain exposure to precious metals.