Gold has long been regarded as a secure and stable investment option, having served as a currency for monarchs in the past. However, it is now possible to invest in gold without physically owning the product through Gold ETFs.
When it comes to investing in gold, there are two options: physical gold and Gold ETFs. Physical gold is typically more expensive than Gold ETFs, as it requires purchasing from a legitimate source, transportation, and secure storage. On the other hand, investing in Gold ETFs can help avoid these additional costs and security risks, but transaction fees may apply. Regardless of which option is chosen, it is important to carefully consider the associated fees and costs before investing.
What is the Best Gold ETF in Canada?
- XGD: iShares S&P/TSX Global Gold Index ETF
- ZGD: BMO Equal Weight Global Gold Index ETF
- CGL.C: iShares Gold Bullion ETF
- GLCC: Horizons Gold Producer Equity Covered Call ETF
- CGL: iShares Gold Bullion ETF
- HUG: Horizons Gold ETF
- HGY: Horizons Gold Yield ETF
- ZJG: BMO Junior Gold Index ETF
- CGXF: CI Gold+ Giants Covered Call ETF
- KILO.B: Purpose Gold Bullion Fund
| Ticker | Name | MER | 5Y |
|---|---|---|---|
| XGD | iShares S&P/TSX Global Gold Index ETF | 0.61% | 12.98% |
| ZGD | BMO Equal Weight Global Gold Index ETF | 0.60% | 11.55% |
| CGL.C | iShares Gold Bullion ETF | 0.55% | 10.25% |
| GLCC | Horizons Gold Producer Equity Covered Call ETF | 0.78% | 8.91% |
| CGL | iShares Gold Bullion ETF | 0.55% | 8.72% |
| HUG | Horizons Gold ETF | 0.35% | 7.44% |
| HGY | Horizons Gold Yield ETF | 0.89% | 6.92% |
| ZJG | BMO Junior Gold Index ETF | 0.61% | 5.97% |
| CGXF | CI Gold+ Giants Covered Call ETF | 0.71% | 3.8% |
| KILO.B | Purpose Gold Bullion Fund | 0.22% | N/A |
CGL: iShares Gold Bullion ETF
The ETF seeks to replicate the performance of the price of physical gold bullion, less the ETF’s fees and expenses. The ETF is not actively managed. To achieve its objective, the ETF invests in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes. In accordance with its investment objective, strategy, policies and restrictions, the assets of the ETF consist of gold bullion that the ETF purchases and holds cash, permitted gold certificates and forward contracts relating to the currency hedge.
CGL.C: iShares Gold Bullion ETF
The ETF seeks to replicate the performance of the price of physical gold bullion, less the ETF’s fees and expenses. The ETF is not actively managed. To achieve its objective, the ETF invests in long-term holdings of unencumbered gold bullion, in 100 or 400 troy ounce international bar sizes. In accordance with its investment objective, strategy, policies and restrictions, the assets of the ETF consist of gold bullion that the ETF purchases and holds, cash and permitted gold certificates.
CGXF: CI Gold+ Giants Covered Call ETF
The ETF’s investment objective is to provide Unitholders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of equity securities of at least the 15 largest gold and precious metals companies measured by market capitalization listed on a North American stock exchange, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly by employing a covered call option writing program. The issuers included in the portfolio, which are based on their market capitalization, may be adjusted based on the Portfolio Manager’s view on the liquidity of the issuers’ equity securities and their related call options.
GLCC: Horizons Gold Producer Equity Covered Call ETF
The Horizons Gold Producer Equity Covered Call ETF (“GLCC”) is a covered call ETF that gives investors exposure to a portfolio of diversified North American-listed gold producers and then uses a covered call strategy to help generate additional income on the portfolio. Gold-producing stocks historically have higher volatility than other stock market sectors. This makes them ideal for covered call strategies which may capitalize on market volatility to potentially enhance yield on these stocks and can help generate an income premium. GLCC seeks to provide, to the extent possible and net of expenses: (a) exposure to the performance of an index of equity securities of diversified North American listed gold producers (currently, the Solactive North American Listed Gold Producers Index) and (b) monthly distributions of dividend and call option income. To mitigate downside risk and generate income, GLCC will employ a dynamic covered call option writing program.
HGY: Horizons Gold Yield ETF
The Horizons Gold Yield ETF (“HGY”) seeks to provide investors with exposure to the price of gold bullion, hedged to the Canadian dollar, while providing monthly, tax-efficient distributions. Gold bullion remains an attractive store of value in periods of economic uncertainty. However, currency movement, threats of deflation or inflation may cause the price of gold to exhibit significant price volatility. To hedge against these risks, covered call options are written on one third of HGY’s gold-exposed securities. Covered calls can be an effective way to retain exposure on a significant portion of the upside of gold’s potential growth, while also lowering the overall volatility of the portfolio, and generating monthly income.
HUG: Horizons Gold ETF
HUG seeks investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to the performance of the Solactive Gold Front Month MD Rolling Futures Index ER. Any U.S. dollar gains or losses as a result of the ETF’s investment will be hedged back to the Canadian dollar to the best of the ETF’s ability.
KILO.B: Purpose Gold Bullion Fund
Own physical gold to protect your portfolio without having to buy your own vault.
- Our own gold in our own vault: The gold in the fund isn’t just a paper claim, it’s actual one kilogram gold bars with specific identifiers
- Securely stored: We hold our gold in our own area of the country’s most renowned vault, The Royal Canadian Mint
- Redeemable for bullion: When you buy our fund, you’re buying real gold. Denominations of one kilogram or more are eligible for an in-kind redemption, where your gold is shipped directly to you, securely delivered
XGD: iShares S&P/TSX Global Gold Index ETF
The ETF seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Global Gold Index (the “Index”), net of expenses. Under normal market conditions, the ETF will primarily invest in equity securities issued by international issuers participating in the mining sector. The Index is comprised of constituents of the S&P/TSX Global Mining Index that are assigned to the following GICS Sub Industry: Gold (15104030). Individual constituents are capped at 25% weight.
ZGD: BMO Equal Weight Global Gold Index ETF
The ETF seeks to replicate, to the extent possible, the performance of an equal weight diversified global gold mining companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Solactive Equal Weight Global Gold Index (the “Index”). The Index includes global securities in the gold industry. Constituents are subject to minimum market capitalization and liquidity screens. In addition, each security is allocated an equal weight rather than a market capitalization weight.
ZJG: BMO Junior Gold Index ETF
The ETF seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index (the “Index”). The Index is a float-adjusted market capitalization weighted index that tracks the securities that are classified as gold mining. The Index is constructed by identifying and selecting North American securities with small and mid capitalization market values.
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|---|---|---|---|---|---|
| Advice | InvestCAN | InvestRESP | InvestUSA | RetireCAN | RetireMGN |
| $500.00 CAD $400.00 USD | $99.99 CAD | $79.99 USD | $99.99 CAD | $12.99 CAD $9.99 USD |
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