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Beyond GLD: 5 Golden ETF Alternatives


Exchange traded fund alternatives for anyone looking to make a play on the yellow metal without using GLD.

4. Gold Trendpilot ETN (NYSEARCA:TBAR): One of the most unique funds on the market, TBAR takes gold investing in a different direction. TBAR invests in gold bullion when the price of gold closes above its 200-day simple moving average for at least five consecutive sessions. Meanwhile, when gold is below that threshold for five consecutive sessions, TBAR's underlying index switches exposure to 3-month Treasury bills. TBAR also features a unique expense structure; when the index is invested in gold–as it is currently–expenses will be set at 1.0%. When the benchmark is invested in cash, however, expenses are cut in half to 0.50%. This one-of-a-kind methodology has returned just over 7% in 2012, although it should be noted that the fund comes with a price tag of 100 basis points.

5. E-TRACS S&P 500 Gold Hedged ETN (NYSEARCA:SPGH): SPGH's underlying index will measure the performance of an investment strategy that is long the S&P 500 with a hedge against fluctuations of the dollar relative to gold prices. The index does this by hedging beginning-of-period S&P 500 (INDEXSP:.INX)Total Return Index values with COMEX gold futures contracts. The Gold Hedged Index will outperform an unhedged S&P 500 when gold prices appreciate relative to the dollar, and underperform when gold depreciates. The strategy has returned nearly 25% year-to-date as this young fund is proving its worth.

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Editor's note: This article by Jared Cummans was originally published on Commodity HQ.
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