WisdomTree Core Physical Gold (GLDW.L) LSE
Currency In GBp
- General
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WisdomTree Core Physical Gold
Address
3rd Floor, 44 Esplanade
St Helier, JE4 9WG
Jersey
Phone
44-20-7448-4330
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
November 30, 2020
Key Executives
N/ADescription
The WisdomTree Core Physical Gold is a UCITS-eligible Exchange Traded Commodity (ETC) offering investors a straightforward, cost-effective, and secure avenue to invest in physical gold. Its objective is to replicate the movements of the physical gold spot price, after accounting for its management fee. This ETC is entirely supported by physical, allocated gold, which is held in custody by HSBC Bank plc. The custodian strictly accepts only metal that adheres to the London Bullion Market Association's (LBMA) Good Delivery rules. Each gold bar is segregated, individually identifiable, and specifically allocated. To illustrate its performance, if the spot price of physical gold rises by 1% over a day, the ETC's value will also increase by 1%, prior to fees. Conversely, should physical gold's price decline by 1% in a day, the ETC's value will similarly decrease by 1%, before accounting for fees.