Invesco reduces fee on gold ETC

Invesco has reduced the annual fixed fee on its US$7.6 billion (€6.9 billion) physical gold exchange-traded commodity (ETC).

The fee has been reduced from 0.24% to 0.19% which means, according to Invesco, that the ETC offers investors the lowest total cost exposure to the price of gold of any competing gold exchange-traded product in Europe.

Demand for gold escalated in 2019, with central banks being net buyers for the tenth consecutive year and the amount held by investors in gold ETPs reached an all-time high.

US$19.3 billion worth of gold ETPs (representing more than 400 tonnes) was purchased globally in 2019, with US$8.8 billion of this into Europe-listed products.

Chris Mellor, Invesco’s head of Emea ETF Commodity Product Management, said, “Investors have been turning to gold to provide a potential cushion in case of equity market volatility and concerns about slowing global growth and geopolitical risks.”

© 2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST