Gold saw the worst year in more than a decade in 2013 falling a massive 28%. The popular gold ETF SPDR Gold Trust (GLD) designed to deliver the return of the spot gold price plunged 27% while Market Vectors Gold Miners ETF (GDX) shed 52% last year. The latter put up with more pain as it often trades as leveraged plays on this yellow metal.
Not only these two ultra-popular Gold-related funds, but nearly every other gold product lost in the range of 27–28% this year. These include a variety of funds and there are several popular choices.
Bonhoeffer Fund's performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more The Bonhoeffer Fund returned 3.5% net of fees in July, for a year-to-date return of -15.8%. Bonhoeffer Fund, LP, is a value-oriented private investment partnership for . . . SORRY! This content is exclusively for Read More
Beyond GLD, these include the iShares COMEX Gold Trust (IAU) which tracks the spot price of gold, Physical Swiss Gold Shares (SGOL) that holds physical gold bullion bars of secure vaults in Zurich, Switzerland, Physical Asian Gold Shares (AGOL)