iShares Physical Gold ETC IGLN.L

iShares Physical Gold ETC is an ETC (exchange-traded commodity) managed by iShares (BlackRock), classified by Morningstar as Commodities - Precious Metals and domiciled in Ireland. It was launched on 8 April 2011 and manages 30.12bn GBP. It is listed on London SE in USD under the ticker IGLN.L, ISIN IE00B4ND3602.

It belongs to the gold and commodity family. This covers products backed by physical gold and commodities more broadly. They're mostly held as diversification against equities: commodities don't pay dividends or interest, so their whole return comes from the price, and that price often moves for reasons that have nothing to do with the stock market.

Stated objective, as published by Financial Times:

iShares physically-backed Exchange Traded Commodities (iShares Physical ETCs) are series of secured metal-linked debt securities that trade on one or more regulated exchanges and offer investors easily accessible, liquid and transparent exposure to physical precious metals. iShares Physical ETCs provide investors with exposure to the performance of individual precious metals without the need to take physical delivery or trade commodity futures contracts. The iShares Physical Gold ETC seeks to track the day-to-day movement of the price of gold, less fees, by holding gold bullion. The gold bullion backs the securities issued and is valued daily at the London PM fix price. The gold bullion is held as allocated gold bars with the custodian, JPMorgan. State Street acts as the Trustee. iShares Physical ETCs are exchange traded commodities and are neither funds nor exchange traded funds.

Financial Times

Technically many of these products are not ETFs but ETCs (exchange-traded commodities), debt instruments backed by the metal rather than funds. The practical consequence is that they don't have a fund's diversification requirements, and you're exposed to the issuer as well as to the metal. For tracking them in Neto it makes no difference: you add them by ticker like any other asset.

These are the other products of the same family in the catalogue. Not all of them track exactly the same index: compare the full name, the TER, the currency, whether they accumulate or distribute and where they are listed.

Product	ISIN / Ticker	Type	Market	Currency	Dividends	Ongoing charge (TER)
Invesco Physical Gold ETC	SGLD.L	ETF	London SE	USD	No dividends	n/a
SPDR Gold Shares	GLD	ETF	NYSE Arca	USD	No dividends	n/a
iShares Physical Gold ETC	SGLN.L	ETF	London SE	USD	No dividends	n/a

Gold and commodity products

• Open Neto and go to Investments (a Neto PRO feature).
• Search for the product by ISIN (funds) or by ticker (ETFs).
• Enter your units and your average purchase price.
• The app updates the price and recalculates your net worth on its own.

Everything you add feeds the same number you see on the main screen, so you don't keep one app for spending and another for investments: it's the same picture.

What ongoing charge (TER) does iShares Physical Gold ETC have?

The Financial Times does not publish an ongoing charge for this product on its factsheet. You will find it in the manager's key information document (KID).

Does iShares Physical Gold ETC accumulate or distribute dividends?

No. A gold ETC earns no dividends or interest: its whole result comes from the metal price. In Neto you see it as a change in price.

Where is iShares Physical Gold ETC listed and in which currency?

On London SE, in USD, under the ticker IGLN.L (ISIN IE00B4ND3602). The same ETC can be listed on several exchanges with different tickers and the same ISIN; in Neto you search for the ticker listed in the catalogue.

Can I track iShares Physical Gold ETC in Neto?

Yes. Add it by its ticker, enter your units and average price, and the app keeps the value up to date and adds it to your net worth, next to your accounts, savings and debts. No broker connection.