“Gold ETFs (GLD) have been top performers across all categories since 2008. In the last one-year, the funds have given 35.87% returns. For the two year period, the average category returns have been 30.29%.  However, between March 09 and August 09, gold ETFs have not been able to match the equity returns witnessed during the same period,”  Money Control Reports.

Lakshmi Iyer Head–Fixed Income and Products, Kotak MF, commenting on the way ahead, said, “Broadly, long-term gold remains bullish. However, in the nearer term there could be profit taking which would bring down levels below USD 1000 an ounce.”

“However, experts have a word of caution. They say investors should be wary to enter at these high levels equity and gold cannot rise together for a long period. But for those who already have 15–20% of gold in their portfolio, some say this could perhaps be a good time to book pofits,”  Money Control Reports.

The investment (GLD) seeks to strive to reflect the performance of the price of gold bullion, less the Trusts expenses. The Trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemption of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the Trust terminates and liquidates its assets, or as otherwise required by law or regulation. The Trust is not managed like an active investment vehicle, and it’s not registered as an investment company under the Investment Company Act of 1940.

 

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ETF BASIC NEWS, NYSE:GLD