Invesco Physical Gold GBP Hedged ETC (SGLS.L) LSE
10,988.00
-200.00001(-1.79%)
Currency In GBp
- General
- Statistics
- Historical Data
- Profile
- Financials
10,988.00
-200.00001(-1.79%)
Currency In GBp
Address
Ireland
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
July 09, 2020
The Invesco Physical Gold GBP Hedged ETC aims to provide the performance of the spot gold price through certificates collateralised with physical gold. The ETC uses a hedging mechanism which is designed to reduce the exposure of the underlying precious metal (and hence the relevant certificates) to exchange rate fluctuations between US dollars and the currency in which the ETC is denominated.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 mark-to-market of the hedging mechanism is realised daily through the purchase or sale of physical gold to ensure the structure remains fully invested in gold.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.Invesco ETCs are exchange traded certificates and not funds or exchange traded funds.