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31 Gold ETFs Investors Should Size Up
April 25, 2016 at 4:03 pm by Max Chen
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Gold exchange traded funds have been a bright spot in the markets this year as an extended low-rate environment, depreciating U.S. dollar and volatility pushed investors into the hard asset.
At the start of the year, gold enjoyed safe-haven demand as the equities market plunged into a correction.
Gold maintained its momentum as the Federal Reserve lowered its interest rate outlook to only two hikes this year from a previously expected four rate hikes. Additionally, with the dovish Fed stance, the U.S. dollar weakened, which made USD-denominated gold cheaper for foreign buyers and a better store of value for U.S. investors.
Looking ahead, the ongoing negative interest rate environment, with European and Japanese central banks cutting benchmark rates deeper into the red to promote growth, could push investors toward gold bullion as a more stable store of wealth. [Read More: Low-Rate Environment Will Help Support Gold ETFs]
“We believe that the prolonged presence of low (and now even negative) rates has fundamentally altered the way investors should think about risk and may result in a broader use of assets like gold to manage their portfolios more effectively and preserve their wealth over the long run,” the World Gold Council said in a research note.
In the U.S., we will be watching for the Federal Open Market Committee meeting announcement on Wednesday to glean hints on the Fed’s monetary policy.
Comex gold futures were trading around $1,239.1 per ounce Monday, compared to $1075.2 per ounce at the start of the year.
Investors who are interested in following the gold asset have a number ETF options available.
The largest gold ETFs and ETNs include:
SPDR Gold Shares (NYSEArca: GLD)
iShares Gold Trust (NYSEArca: IAU)
ETFS Physical Swiss Gold Shares ETF (NYSEArca: SGOL)
PowerShares DB Gold Fund (NYSEArca: DGL)
Van Eck Merk Gold Trust (NYSE Arca: OUNZ)
Credit Suisse Gold Shares Covered Call ETN (Nasdaq: GLDI)
AdvisorShares Gartman Gold/Yen ETF (NYSEArca: GYEN)
ETRACS CMCI Gold ETN (NYSEArca: UBG)
AdvisorShares Gartman Gold/Euro ETF (NYSEArca: GEUR)
Gold miner ETFs include:
Market Vectors Gold Miners ETF (NYSEArca: GDX)
Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ)
Sprott Gold Miners ETF (NYSEArca: SGDM)
iShares MSCI Global Gold Miners Fund (NYSEArca: RING)
Sprott Junior Gold Miners ETF (NYSEArca: SGDJ)
Powershares Global Gold and Precious Metals Portfolio ETF (NYSEArca: PSAU)
Global X Gold Explorers ETF (NYSEArca: GLDX)
Some inverse and leveraged gold ETFs and ETNs:
Powershares DB Gold Double Long ETN (NYSEArca: DGP)
ProShares Ultra Gold ETF (NYSEArca: UGL)
ProShares UltraShort Gold ETF (NYSEArca: GLL)
VelocityShares 3x Long Gold ETN (NYSEArca: UGLD)
Powershares DB Gold Double Short ETN (NYSEArca: DZZ)
Powershares DB Gold Short ETN (NYSEArca: DGZ)
VelocityShares 3x Inverse Gold ETN (NYSEArca: DGLD)
Direxion Daily Gold Miners Bull 2x Shares ETF (NYSEArca: NUGT)
Direxion Daily Gold Miners Bear 2x Shares ETF (NYSEArca: DUST)
Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG)
Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST)
ProShares Ultra Gold Miners (NYSEArca: GDXX)
ProShares Ultra Junior Miners (NYSEArca: GDJJ)
ProShares UltraShort Gold Miners (NYSEArca: GDXS)
ProShares UltraShort Junior Miners (NYSEArca: GDJS).
Trending on ETF Trends
Commodity ETFs Are Outperforming Stocks, Bonds
Gold ETFs Jump to 15-Month High as Dollar Retreats
Preparing for a Silver ETF Pullback
Japanese Yen ETF Pops as BOJ Surprises Again
A Look at Canada as a Climbing Commodity Currency
Categories: Alts, Featured
Tags: Alternatives, Commodity ETFs, Current Affairs, DGL, DGLD, DGP, DGZ, DUST, DZZ, GDJJ, GDJS, GDX, GDXJ, GDXS, GDXX, GEUR, GLD, GLDI, GLDX, GLL, Gold, Gold Miners, GYEN, IAU, Inverse ETFs, JDST, JNUG, Lead, Leveraged ETFs, Metals & Mining, NUGT, OUNZ, Precious Metals, PSAU, RING, Sector ETFs, SGDJ, SGDM, SGOL, UBG, UGL, UGLD
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