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GB00B3X9XN89

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Analysis and statistics

  • Open
    2.279$
  • Previous Close
    2.279$
  • 52 Week Change
    --
  • Day Range
    0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

GB00B3X9XN89 is the SEDOL code for the iShares Physical Gold ETC. This Exchange Traded Commodity (ETC) tracks the performance of the spot price of gold. It is listed on the London Stock Exchange and provides investors with a physically backed exposure to gold, meaning it is backed by physical gold bullion held in vaults. Investors use it as a way to invest in gold without directly owning or storing the metal.

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Factors

Market Conditions: General market sentiment, economic growth, and investor confidence influence fund prices. A bullish market typically increases prices; a bearish market decreases them.

Fund Performance: The fund's historical and recent performance significantly impacts its price. Strong returns attract investors, driving up demand and price.

Asset Allocation: The fund's investment strategy, particularly the allocation across asset classes (stocks, bonds, etc.), affects price. Changes in asset allocation can reflect shifts in market outlook.

Underlying Holdings: The price of the underlying assets held by the fund directly impacts the fund's value. For a fund investing in European stocks, the performance of those stocks is key.

Management Fees: High management fees can erode returns and potentially lower the fund's price relative to similar funds with lower fees.

Currency Fluctuations: If the fund invests in assets denominated in other currencies, exchange rate changes can affect the fund's price in the base currency.

Interest Rates: Changes in interest rates, especially in the Eurozone, can impact the value of fixed-income securities held by the fund, indirectly affecting the fund's price.

Geopolitical Events: Major political or economic events in Europe or globally can create volatility and affect investor sentiment, leading to price fluctuations.

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