VanEck International Gold Fund
VanEck International Gold Fund (IVE) is an exchange-traded fund (ETF) that invests primarily in gold bullion held in London vaults. The fund tracks the performance of the MVIS Global Ex-US Gold Miners Index, which includes gold mining companies from around the world, excluding the United States.
Investment Objective
IVE aims to provide investors with investment results that track the performance of the gold price, as measured by the London Bullion Market Association (LBMA) Gold Price.
Portfolio Construction
IVE’s portfolio is primarily composed of physical gold bullion stored in vaults located in London. The fund may also invest in gold futures contracts and other gold-related instruments to enhance its tracking of the gold price.
Key Features
* High Purity Gold: IVE invests in gold bullion with a purity of 99.5% or higher.
* London Bullion Market Exposure: The fund provides exposure to the global gold market through its investment in physical gold held in London vaults.
* Diversification: Unlike investing directly in individual gold mining companies, IVE offers diversification across multiple gold miners and regions.
* Liquidity: As an ETF, IVE trades on the stock exchange, providing investors with the ability to buy and sell shares easily.
Investment Considerations
* Gold Price Fluctuations: The value of IVE’s shares is directly tied to the price of gold. Investors should be aware of the potential for gold price volatility.
* Management Fees: IVE charges an annual management fee of 0.15%, which is deducted from the fund’s assets.
* Currency Risk: IVE’s shares are denominated in U.S. dollars. Investors outside the United States may be exposed to currency fluctuations.
Suitable for
IVE is suitable for investors who:
* Seek diversification in their portfolios
* Believe in the long-term value of gold
* Want exposure to the global gold market
* Are comfortable with the risks associated with gold investing
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