Description

The Invesco Physical Gold ETC aims to provide the performance of the spot gold price through certificates collateralised with physical gold. Each Gold ETC is a certificate which is secured by gold bullion held in J.P. Morgan Chase Bank’s London vaults. The issuer of the certificates, Invesco Physical Markets PLC (Invesco PMP), is an Irish-domiciled company administered by J.P. Morgan Administration Services (Ireland) Limited.The investment return is achieved by holding gold bullion, which is valued daily at the PM auction for the London Bullion Market Association ("LBMA") Gold price. The ETC will use a “swing bar” approach, whereby gold bullion equal to at least the full value of the certificates will be held in an allocated account in the name of the issuer.The latest indication provided by the custodian shows that 100% of gold bars held in the segregated account of the Gold ETC are minted post-2012, meaning they adhere to the LBMA Responsible Gold Guidance in compliance with the highest ethical standards. It was set up to combat systematic or widespread abuses of human rights, to avoid contributing to conflict, to comply with high standards of anti-money laundering, and to combat terrorist financing practices in entire gold supply chain. Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.Please note that, prior to 27 March 2018, the name of this product was Source Physical Gold ETC. This change has no bearing on the investment objective or any other aspect of the product.