The so-called gold ETF fund refers to financial derivatives that track the fluctuation of spot gold price based on gold assets. It is still a virgin land in China, and domestic investors know little about it, but it is extremely hot in overseas markets.

The operation principle of gold ETF is that large gold producers entrust physical gold to fund companies, and then fund companies publicly issue fund shares on exchanges based on this physical gold and sell them to various investors. Commercial banks act as fund custodians and physical custodians respectively, and investors can freely redeem the funds during their existence.

Gold ETF is listed on the stock exchange, and investors can trade gold ETF as easily as buying and selling stocks. Low transaction cost is one of the advantages of gold ETF. Investors can buy gold ETFs without handling fees, storage fees and insurance fees, and only need to pay the usual management fee of about% to%. Compared with other gold investment channels, the average cost of% to% is very prominent. In addition, gold ETF also has the advantages of safe storage and strong liquidity.

Due to the high price of gold, gold ETF generally takes grams as a fund unit, and the net asset value of each fund unit is grams of spot gold price MINUS accrued management fees. Its transaction price or secondary market price in the securities market is based on the net asset price per share.