iShares Physical Gold EUR Hedged ETC

What this fund is

iShares Physical Gold EUR Hedged ETC is an exchange-traded fund (ETF) from iShares, traded under the ticker IGLD (ISIN IE0009JOT9U1). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. 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 0.25% a year — about €25 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 Ireland, trades in EUR and is currency-hedged against exchange-rate swings. Its price has swung about 26.1% over the past year, which describes how much its price tends to move rather than whether it is good.

It launched in 2022. 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 iShares.)