Description

This Invesco Physical Gold ETC aims to mirror the spot price of gold, with each certificate fully collateralized by physical gold bullion. This gold is securely stored in J.P. Morgan Chase Bank’s London vaults. The certificates are issued by Invesco Physical Markets PLC (Invesco PMP), an Irish company, and administered by J.P. Morgan Administration Services (Ireland) Limited. Investment performance is derived from these gold holdings, which are valued daily according to the London Bullion Market Association (LBMA) PM auction price. The ETC utilizes a “swing bar” approach, ensuring that gold bullion, at least equal to the total value of all certificates, is held in an allocated account under the issuer's name. The custodian verifies that all gold bars in the segregated account were minted after 2012, meeting the LBMA Responsible Gold Guidance for the highest ethical standards. This guidance was instated to combat systemic human rights abuses, avoid conflict financing, enforce stringent anti-money laundering protocols, and counter terrorist financing throughout the gold supply chain. It is important to distinguish that Invesco ETCs are exchange-traded certificates, not collective investment funds or traditional exchange-traded funds. A historical note: prior to March 27, 2018, this product was named the Source Physical Gold ETC, a change that did not alter its investment objective or any other aspect.