SGOL was created on 2009-09-09 by abrdn. The fund's investment portfolio concentrates primarily on gold commodities. SGOL seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars.
This fund offers exposure to one of the world’s most famous metals, gold. SGOL is designed to track the spot price of gold bullion by holding gold bars in a secure vault in Switzerland that is audited twice a year. The company also posts the serial numbers of the bars, giving investors further security over the status of their investment. While SGOL isn’t the most liquid way to gain exposure to gold, it could be a solid choice for investors seeking greater peace of mind regarding their precious metals investment.