“For investors who don’t have strong views on the dollar’s direction, we believe there may still be benefits in taking a strategic position in GLDW in addition to GLD,” said SSgA. “The combination of the two may help portfolios overcome some of the perceived performance headwinds gold has had from dollar strength, as well as potentially bolstering performance in the face of extreme market stress as a result of gold’s historical low correlation to traditional asset classes.”
GLD charges 0.50% per year, or $50 on a $10,000 investment.
For more information on the gold market, visit our gold category.
Tom Lydon’s clients own shares of GLD.