Alternatively, the gold-hedged stock ETFs help investors tap into a so-called gold overlay strategy, which institutional investors have been using for decades. The approach pairs a core investment, like stocks, with a portfolio hedge applied through derivatives, or in this case, gold futures contracts.

Related: Faltering European Currencies Lift Gold ETFs

Gold has acted as a portfolio diversifier, especially in a post-Brexit world where volatility remains elevated. The U.S. dollar is also in a tough spot because the Federal Reserve has yet to raise interest rates this year and does not appear likely to do so.

“The general bullish sentiment for gold coupled with the post-Brexit uncertainty continues to underpin the metal and the complex as a whole,” MKS Group trader James Gardiner said, according to Reuters.

Financial advisors who are interested in learning more about a gold-hedged equity strategy can register for the July 12 webcast here.