IGLD ETF Delivers 7.8% Yield While Tracking Gold's Upside
Tuesday, 20 August 2024, 08:15
Performance Overview of IGLD
IGLD, the ETF that tracks gold, has shown remarkable resilience and performance since June 2023. By capturing approximately 69% of the upside from GLD, IGLD has positioned itself as a compelling investment opportunity for those looking to profit from gold price movements.
Yield Analysis
- Current yield stands at a significant 7.8%, attracting yield-focused investors.
- IGLD's yield remains competitive in the ETF landscape.
Rating Adjustment
Given the ETF's strong performance and yield, IGLD is now rated as a Buy for investors looking for exposure to gold without sacrificing immediate income.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.