iShares Gold Bullion ETF (CGL.TO) TSX

25.92

-0.045(-0.17%)

Updated at August 18 03:59PM

Currency In CAD

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Profile
Financials

iShares Gold Bullion ETF

Address

Toronto,

Canada

Phone

N/A

Website

N/A

Sector

Financial Services

Industry

Asset Management - Leveraged

Employees

N/A

First IPO Date

October 04, 2010

Key Executives

N/A

Description

The fundholds physical gold bullion, which isan efficient way for investors to obtain gold exposure.The product structure reducesthe difficulties of buying, storing, and insuring physical gold for investors.NAV for the fund is determined using the LBMA PM Gold Price (formerly the London PM Gold Fix), sotheprices reflect the current spot market values,priced in USD.Investors assume currency fluctuations intoconsideration.The majority of the bullion owned by the fund will be held in vaults locatedin Canada, with the remaining held in theUnited States of Americaand/ortheUnited Kingdom.