Invesco Physical Gold ETC

The Invesco Physical Gold ETC is designed to provide investors with the performance of the spot gold price, measured by the LBMA Gold Price in US dollars per fine troy ounce. It does this through exchange-traded certificates backed by physical gold bullion, rather than by holding financial derivatives or a diversified portfolio of securities. The certificates are collateralised with gold held in allocated accounts in J.P. Morgan Chase Bank’s London vaults, and the ETC uses a physical, bullion-backed approach where gold equal to at least the full value of the certificates is held. Invesco says the return is achieved by holding gold bullion that is valued daily against the London Bullion Market Association’s gold price, with the benchmark set as the LBMA Gold Price (USD).