WisdomTree Physical Gold ‑ GBP Daily Hedged

Gold

(GBSP)

£14.21

Previous business day’s close price

+£4.33 (+43.85%)

max available period

£9.53

£14.22

27 Sep 23

25 Oct 24

Details

ETF description

The WisdomTree Physical Gold ‑ GBP Daily Hedged ETF provides investors with exposure to the performance of gold bullion while hedging against fluctuations in the GBP/USD exchange rate. By tracking the performance of physical gold, this ETF aims to reflect the price of gold in British pounds (GBP), with daily currency hedging to mitigate the impact of currency movements on returns. It is designed for investors seeking to gain exposure to gold as a commodity while protecting against currency risk, offering both a hedge against inflation and potential diversification benefits within a GBP‑based portfolio.

Issuer details

WisdomTree is a leading asset management firm specializing in innovative ETFs and ETPs (exchange‑traded products), with over $80 billion in assets under management as of June 2024. WisdomTree offers an extensive range of investment products across various market segments. Founded in 2006, WisdomTree is known for its fundamentally weighted ETFs and its focus on providing innovative and thematic investment strategies. The firm places a strong emphasis on income‑focused products, catering to the needs of income‑seeking investors. Notable ETFs include the WisdomTree U.S. Quality Dividend Growth Fund (DGRW), the WisdomTree Europe Hedged Equity Fund (HEDJ), and the WisdomTree Cloud Computing Fund (WCLD), reflecting WisdomTree’s commitment to delivering diverse and forward‑looking investment solutions.

Index details

This ETF tracks the price of gold, which is influenced by several factors.

Like most commodities, the balance between how much gold is available (supply) and how much people want to buy (demand) can affect its price. Also, in times of economic uncertainty or stock market fluctuations, investors may turn to gold as a ‘“safe haven”’, which can raise gold prices. As gold is priced in US dollars, the strength of key currencies, especially the U.S. dollar, impacts gold prices. Lower interest rates reduce the opportunity cost of holding non‑yielding assets like gold, potentially increasing its appeal and price.

These factors are interconnected, and can affect gold prices in complex ways.

Key information

Key investor information

£14.21

Previous business day’s close price

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ETFs have spreads and annual charges and come with risks like market volatility, liquidity, and concentration, and may not always accurately track their index. Past performance and forecasts are not reliable indicators of future results. The value of your investments, including any income, can rise or fall. You may get back less than you originally invested.