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Gold ETF

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streetTRACKS Gold Trust (GLD:NYSE)

For details on this ETF take a look at the following article.


Key Points:


• Expected to launch this week

• Designed to track the performance of the price of gold bullion

• Structured as a grantor trust and will hold physical gold

• Easily shorted and is not subject to the "uptick" rule

Tax Implications: Gold is considered a collectible by the IRS for tax purposes and as such taxed at a higher long-term capital gains rate of 28%

Objectives: Hedge against inflation, hedge against decline of U.S. dollar, alternative investment for diversification purposes

Risks: General risks associated with investing in commodities, potential tracking error, possibility GLD will lag other market segments or active managers. GLD does not provide interest or dividend income.

Ticker: GLD

Expense Ratio: 40 bps

Intraday NAV Symbol:
GLDIV

NAV Symbol:
GLDNV

Approx Value:
1/10 oz. Gold

Primary Exchange:
NYSE

Minimum Trade Size:
1 Share

Options Available:
No

Source: Morgan Stanley ETF Research

No positions in stocks mentioned.

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