BlackRock Australia has announced its intent to launch the iShares Physical Gold ETF (ASX: GLDN) priced at 0.18%. The launch of GLDN furthers BlackRock’s commitment to broaden the local iShares product suite to meet the needs of Australian advisers and investors for low-cost portfolio construction and diversification opportunities.
GLDN will be available on the ASX soon.
iShares Physical Gold ETF (ASX: GLDN) will offer Australian investors the opportunity to gain exposure to physical gold through the ETF structure. Investors generally seek to invest in gold as a diversifier in multi-asset portfolios and as a potential hedge against inflation.
Chantal Giles, Head of Wealth, BlackRock Australasia said, “Our intent to launch GLDN reflects our commitment to lead the market in providing Australian advisers and investors with lower-cost investment solutions, together with a range of core index building blocks and other portfolio offerings.
“Gold has had a long history of remaining resilient during multiple business cycles and volatile market events which has underpinned the appeal of the commodity over time. GLDN aims to make it easier and simpler for advisers and investors to gain exposure to physical gold via a low-cost structure.”
Tamara Stats, iShares ETF and Index Investments Specialist, BlackRock Australasia said, “When facing into periods of market uncertainty, investors have turned to assets such as gold which has served as a diversifier to traditional investments such as equities and bonds. Global events this year have meant that the prevailing investment narrative has shifted which has brought gold back to the front of investors’ minds.
“We are pleased to be able to offer Australian advisers and investors the opportunity to gain exposure to gold on the exchange.”
