ETC
ETF Snapshot: A record month to kick off the new year
January was a strong start to 2026, with US$54.7 billion NNA.
13 February 2026
Invesco Physical Gold ETC
Why invest in gold with Invesco?
Diversification
Holding gold in a balanced portfolio can provide useful diversification benefits, and historically has maintained a low correlation with most major asset classes.
Perceived "safe haven"
Gold is often more sought-after when conditions are increasingly uncertain, or more volatile elsewhere. Unprecedented events, like the COVID-19 pandemic, can drive investors to search for relative “safe havens” such as gold.
Inflation hedge
Gold could be useful as an inflation hedge when inflation comes as a “shock” due to external factors, when prices escalate faster than expected or when central bank measures are ineffective.
Gold market insights
Quarterly gold report
In our quarterly Gold Report, we review the performance of the gold price, including flows into gold-backed exchange-traded products, and touch upon the performance other asset classes. We also explore significant macro factors, including interest rates, bond yields, the US Dollar and inflation expectations.
Transcript
What’s driving the gold price? … and other important questions
The gold price has made a series of new all-time highs over the past year, driven partly by demand from investors. Find out more about what’s been driving the gold price, as well as answers to some of the other questions that many investors have when considering adding gold to their portfolios.
Transcript
Our Invesco Physical Gold ETC
Our Invesco Physical Gold ETC provides one of the lowest overall cost exposures to the gold price in Europe. With more than US$28 billion of assets¹, it is also one of the largest gold products in Europe, enabling you to gain exposure to price movements without having to buy and store physical gold yourself. For investors also wishing to minimise their currency risk, we offer a currency-hedged series in GBP and EUR.
Our ETC aims to provide the performance of the LBMA Gold Price PM, less the fixed fee of 0.12% per annum. Investments are backed by physical gold bars, placed in segregated accounts, and stored securely in the London vaults of J.P. Morgan Chase Bank. Our ETC trades on multiple exchanges across Europe, is UCITS eligible and Shariah compliant. Find out more in our Gold ETC brochure.
US$28B Assets under management
One of the largest gold ETCs in Europe, with over 15 years of efficient tracking.1
0.12% p.a. Ongoing charge
One of the lowest-cost ETCs in Europe.1
EUR & GBP Currency hedged versions
Available at the same fee of 0.12% p.a.
How to invest in gold
You can invest in our Invesco Physical Gold ETC via your usual broker or trading platform and hold it in a standard brokerage or custodial account.
Our Capital Markets teams provide a free service to help you find the most suitable and cost-effective way to buy, sell or switch products.
Email: etftrading@invesco.com
Telephone: +44 14 9141 7044
Frequently asked questions
Exchange-Traded Commodities or “ETCs”, are investment vehicles that trade on stock exchanges and track the performance of an individual commodity or basket of commodities. With ETCs, investors can get exposure to spot commodity prices, without taking physical delivery of those commodities.
Our ETC is physically backed by gold bullion (a Gold Bar List is available on our website) which is stored securely in J.P. Morgan’s London Bank vaults. The gold is inspected twice a year by Inspectorate International Limited and includes a full bar count. Once a year they are accompanied by our auditors, PricewaterhouseCoopers.
Yes, it is possible to receive the metal in unallocated form if you have an LBMA clearing account. When you sell your holding, you may have the option of Physical Settlement if you do not want to take the normal Cash Settlement.
Physical delivery can be made only to a holder that is not a UCITS fund. You must specify the number and account name of an unallocated account in London with a member of the LBMA where the relevant delivery amount should be delivered. Investors that are UCITS funds are not permitted to receive physical delivery of gold. UCITS funds can only redeem for cash.
Invesco Physical Gold ETC is not a fund or an ETF, as the ETC invests in only one asset, i.e. gold, it would not meet UCITS rules on diversification that are required for a fund. The certificates are transferable securities, therefore not shares in a collective investment scheme.
For investors who wish to minimize their currency risk, we have currency-hedged share classes available in GBP and EUR.
Yes, it is possible to receive the metal in unallocated form if you have an LBMA clearing account. When you sell your holding, you may have the option of Physical Settlement if you do not want to take the normal Cash Settlement. Physical delivery can be made only to a holder that is not a UCITS fund. You must specify the number and account name of an unallocated account in London with a member of the LBMA where the relevant delivery amount should be delivered.
Investors that are UCITS funds are not permitted to receive physical delivery of gold. UCITS funds can only redeem for cash.
The LBMA is a trade association that acts as the coordinator for activities conducted on behalf of its members and other participants in the London Bullion Market.
The gold price is determined via an electronic auction that takes place twice per day in London, at 10:30 am and 3:00 pm GMT, and quoted in US dollars per fine troy ounce. The LBMA Gold Price is a fully transparent benchmark and widely accepted as the basis for pricing spot transactions.
Our Gold ETC offers direct exposure to the price of gold. Our low annual fixed fee of 0.12% allows for our ETC to have tight tracking of the spot gold price.
Yes. We seek to minimize exposure to gold mined before the LBMA’s Responsible Gold Guidance was introduced in 2012. Currently, all our holdings are post-2012 gold bars, and we aim to maintain this standard for new creations.
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