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How to choose a gold fund?

At present, there are three main types of gold funds in the market : gold ETF, gold ETF connection, and gold QDII .

Gold ETF mainly invests in gold spot contracts on the Shanghai Gold Exchange; Gold ETF Link mainly invests in target ETF funds , such as Huaan Gold Easy ETF Link mainly invests in Huaan Gold Easy ETF; Gold QDII mainly invests in overseas gold ETFs. In addition, gold ETFs are generally traded on the exchange, and the other two are generally bought off-exchange.

  1. Gold ETFs

At present, there are 4 gold ETF funds in China, namely E Fund Gold ETF, Bosera Gold ETF, Cathay Pacific Gold ETF, and Huaan Gold Easy ETF. The homogeneity of the four funds is more serious, and the return on investment is similar. Since gold ETFs are exchange-traded, liquidity is the main consideration, so funds with larger fund sizes are preferred. Gold ETFs are suitable for stock accounts.

  1. Gold ETF connection

Each gold ETF has its own ETF connection, and gold ETF connections a and C represent different charging standards. ETF Link A only charges subscription and redemption fees, and does not charge sales service fees. It is suitable for long-term investments of more than 2 years, while ETF Link C is suitable for investments within two years. Considering that the subscription interest rate has a discount of 1% or 2%, at this stage, ETF Link A is the best choice for long-term and short-term investment. Gold ETF is an on-exchange transaction and requires a stock account, while the gold ETF connection is an over-the-counter subscription. It is exactly the same as other open-end funds and is more suitable for most investors who do not have a stock account.

  1. Gold QDII

Comparing gold ETF and gold QDII, it can be seen that the return of gold QDII is not as good as that of gold ETF. There are two main reasons: one is the double charge of gold QDII, which includes both the management cost of QDII and the cost of investing in the underlying gold ETF; the second is the high rate of QDII, and the management fee for the connection between gold ETF and gold ETF is both 0.5 %/year, the custody fee is 0.1%/year, the management fee of Gold QDII is mostly 1.0%/year, the custody fee is 0.26%/year, the management fee of E Fund Gold Theme (161116) is 1.5%/year, and the custody fee is 0.3%/year .

In addition, investing in gold QDII will also be affected by exchange rate fluctuations, increasing uncertainty, so gold ETFs are more popular than gold QDII.