By 2006, there were five gold ETF products in the world, which were listed and traded in the United States, Britain, France, South Africa and other countries. As of September 2006, 14, gold ETF*** held 534.83 tons of physical gold assets, 17 195086 ounces.

Among the five gold ETF funds, StreetTracks Gold Trust Fund is undoubtedly the best. The physical gold assets held by the fund account for more than 70% of all five gold ETFs. GLD is one of the fastest growing ETF funds in American history and the first ETF fund with commodity-based assets in the United States. Since the listing of 165438+ 10/8 in June 2004, the share of GLD has expanded to more than 7.4 billion US dollars, making it the ninth largest ETF fund in the United States. In 2006 alone, the fund's assets increased by 70%. According to the statistics of State Street Global Consulting, in May 2006, the average daily trading volume of GLD exceeded 65.438+0.2 million, which was equivalent to 700 million US dollars/day at the spot price of gold at that time. May 12, 2006 is the most active trading day of GLD so far. On that day, the fund traded 20.6 million copies, with a turnover of 654.38+0.4 billion US dollars.

As an open-end fund traded on the exchange, the gold ETF fund's basic asset is the spot gold, in order to reflect the change of the price of the spot gold minus the accrued expenses with the fund share price. The fund holds gold and can be packaged and exchanged for gold and fund shares at any time. It is worth noting that gold ETF is a passive investment fund and cannot hold or trade high-risk derivatives, such as futures and options.