UBS Carbon Compensated Gold ETF USD acc

What this fund is

UBS Carbon Compensated Gold ETF USD acc is an exchange-traded fund (ETF) from UBS, traded under the ticker GLDCO2 (ISIN CH1233056329). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine.

Its ongoing charge (TER) is 0.3% a year — about €30 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It holds the underlying investments directly (physical replication); it is domiciled in Switzerland and trades in USD. Its price has swung about 25.4% over the past year — a gauge of how much the value moves, not a judgement of quality.

It launched in 2023. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from UBS.)