Many investors are starting to get interested in gold again. You can invest in gold by purchasing actual bullion (bars or coins) from a dealer, by buying a fund that holds bullion, by buying a fund that invests in gold mining companies or by buying a fund that gains exposure to gold via the futures market.
Personally, as a strategic holding I prefer to use exchange traded funds that buy and hold fully-allocated gold bullion. I want exposure to the underlying metal, not necessarily to the factors driving the success or failure of individual gold mining companies. However, during a gold bull market both can perform well.
For Canadian investors, below I have listed out the gold ETFs and closed-end funds that trade on the TSX. For your reference, I’ve also listed how they gain exposure to gold, asset size, ticker and fund manufacturer.
Note: This table is best viewed on desktop
|Name||Ticker||Type||Market Value (Jan 31, 2020)||Fund Family|
|iShares Gold Bullion ETF||CGL||Bullion||$689,140,000||BlackRock/iShares|
|iShares S&P/TSX Global Gold Index ETF||XGD||Gold Miners||$907,998,000||BlackRock/iShares|
|BMO Equal Weight Global Gold Index ETF||ZGD||Gold Miners||$135,564,554||BMO|
|BMO Junior Gold Index ETF||ZJG||Gold Miners||$94,555,662||BMO|
|CI First Asset Gold+ Giants Covered Call ETF||CGXF||Gold Miners + Covered Calls||$57,766,925||First Asset|
|Harvest Global Gold Giants Index ETF||HGGG||Gold Miners||$5,136,000||Harvest Portfolios|
|BetaPro Canadian Gold Miners -2x Daily Bear ETF||HGD||Gold Miners||$24,607,586||Horizons ETF|
|BetaPro Canadian Gold Miners 2x Daily Bull ETF||HGU||Gold Miners||$139,311,700||Horizons ETF|
|BetaPro Gold Bullion -2x Daily Bear ETF||HBD||Gold Futures||$1,429,500||Horizons ETF|
|BetaPro Gold Bullion 2x Daily Bull ETF||HBU||Gold Futures||$15,318,750||Horizons ETF|
|Horizons Enhanced Income Gold Producers ETF||HEP||Gold Miners + Covered Calls||$84,782,850||Horizons ETF|
|Horizons Gold ETF||HUG||Gold Futures||$48,987,900||Horizons ETF|
|Horizons Gold Yield ETF||HGY||Bullion + Covered Calls||$36,623,848||Horizons ETF|
|Purpose Gold Bullion Fund||KILO||Bullion||$78,661,862||Purpose Investments|
|Sprott Physical Gold and Silver Trust||CEF||Bullion||$3,111,977,657||Sprott Asset Management|
|Sprott Physical Gold Trust||PHYS||Bullion||$2,476,809,556||Sprott Asset Management|
|Royal Canadian Mint – Canadian Gold Reserves||MNT||Bullion||$555,971,692||Royal Canadian Mint|