Gold ETF - ZKB vs Invesco

Investing / Portfolios
1

Hello there, does someone have a perspective on the best gold ETF (physically secured)? The NZZ “The market” seems to often suggest the Zurich Kantonalbank ETF as a gold ETF with 0,4% costs (where gold is kept with ZKB). Invesco is TER 0,19% and the biggest ETF. Anyone having a recommendation? Does anything speak against INVESCO? Thanks a lot already

2

I think it shouldn’t matter unless you really want the physical gold to be local

3

Or opt for a physical delivery at redemption.

ZKB offers it (12.5kgs gold bar only). Not sure for Invesco.

If you don’t care about the custody of the gold (swiss vs foreign) and don’t plan for a physical delivery, go for the cheapest ETF

4

If physical gold in Switzerland with potential physical redemption is important, the UBS Gold ETF with a 0.23% TER would be an alternative to the ZKB ETF. 0.4% TER sounds high to me.

5

Thanks a lot everyone. Much appreciated. I did not see the UBS one before. When I go to justetf, it does not come up (nor the ZKB by the way) - any idea what I need to be doing different to find ETFs that are good for CH Investors?

6

Have you selected the right country on justETF?

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7

I also consider the counterparty risk. With gov guarantee, whatever securities ZKB are issuing, should be safe. I hold ZGLD, ZSIL and ZPLA with them.

3 Likes
8

I would check the fine print on getting the physical upon redemption. Typically, it comes with nice fees (for the bank) …

1 Like
9

thank you everyone, this was helpful