iShares Physical Gold GBP Hedged ETC is a commodities ETF from iShares tracking the Physical Gold index through physical (full) replication. Domiciled in Ireland and launched in 2022, the fund manages about 1 bn € and charges a TER of 0.25% — 25 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
iShares Physical Gold GBP Hedged ETC competes with 8 other products on the same index (Physical Gold): it ranks 7th by fund size and 6th by ongoing cost, with a TER of 0.25% against a group median of 0.15%. It has been listed since 2022, 4 years of track record.
On a €10,000 investment the TER costs 25 € a year. The cheapest of the group is WisdomTree Core Physical Gold USD ETC at 0.12%, or 12 € on the same amount: a difference of 13 € every year, roughly 130 € over ten years before compounding.
This is an ETC, not a UCITS fund: a debt security backed by the physical commodity actually held in custody. There is no basket of shares to replicate — the value tracks the price of the underlying.
It pays no income: the underlying commodity produces none, so the value depends solely on its price. The fund is denominated in GBP, the currency the commodity itself is priced in: for a euro investor the currency exposure follows that, not the trading currency of any individual listing.
The fund is domiciled in Ireland, which determines the tax treatment of income received by the fund and the supervisory authority.
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Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.