- 36% of surveyed investors don't invest in gold because they
don't know enough about the ways that they can invest in gold
- 89% of surveyed investors who own gold ETFs have had their
financial advisor explain the benefits of investing in gold
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), released the results of its
Gold ETF Impact Study: Advisor Edition, which was designed
to better understand investor attitudes and behaviors around
investing in gold. According to the research, there is significant
opportunity for investor education when it comes to gold
investments, and advisors are playing an important role in helping
clients understand its role in portfolios.
The study found that lack of knowledge is the number one reason
why, among the options provided, surveyed investors do not invest
in gold, with more than a third indicating they do not have gold in
their portfolio because they do not know enough about the ways they
can invest in gold. Furthermore, only 41% of surveyed investors
agree that they understand what influences the price of gold,
compared to 75% among those who actually do have gold in their
portfolios.
When it comes to investing in gold ETFs, the advisors’ role as
educator is critical. Nine out of 10 (91%) surveyed investors who
own gold ETFs indicated they were informed by their financial
advisor about the different ways to invest in gold. A similar
percentage (91%) of surveyed investors indicated discussing an
investment in gold with their financial advisors.
“Investors have good instincts about where – and when – to get
objective advice. But it’s likely they will need even more guidance
to achieve their financial goals as markets continue to react to
higher interest rates, lower consumer sentiment and stubborn
inflation,” said Allison Bonds, Head of Private and Independent
Wealth Management at State Street Global Advisors.
Among surveyed investors with a financial advisor and holding a
gold ETF in their portfolio:
- 91% have discussed investing in gold with their financial
advisor compared with 36% of all surveyed investors with financial
advisors;
- 89% report their financial advisor has explained the benefits
of having gold in their investment portfolio compared with 35% of
all surveyed investors with financial advisors;
- 83% noted that their financial advisor recommended gold for
their long-term investment portfolio versus 26% of all surveyed
investors with financial advisors; and
- 55% reported their financial advisor recommended gold as a
short-term investment given current markets compared to 17% of all
surveyed investors with financial advisors.
The survey also revealed approximately three in four gold ETF
investors (73%) agree that gold ETFs have improved the performance
of their investment portfolio, with three-fourths (76%) reporting
that ETFs are a more cost-effective way to invest in gold.
Notably, across all surveyed investors (advised and
self-directed) those who hold gold ETFs are more likely to have
investable assets of $500,000 or more (82%) than those surveyed
investors who do not hold gold ETFs (64%).
“Financial advisors can be an invaluable resource for investors
seeking to preserve wealth and improve the diversification of their
portfolio as they may be more knowledgeable about the unique
attributes of gold and the role it can play in a portfolio,” Bonds
said. “With the introduction of SPDR Gold Shares (GLD®) nearly two
decades ago, and more recently SPDR Gold MiniShares (GLDM®) five
years ago, access to gold has been democratized for every type of
investor.”
The top three variables surveyed gold ETF investors considered
when buying a gold ETF are:
- Expense ratio (65%)
- A structure that is physically backed by gold (55%)
- Reputation of provider (48%)
SPDR gold ETF assets under management have increased $2.9
billion year-to-date from $58.6 billion as of 12/31/22 to $61.5
billion as 8/31/23.1
Advisors who understand what is behind this interest may be
better positioned to educate their clients about the potential
benefits and risks of investing in gold, and how gold can play
multiple roles in one’s overall portfolio strategy.
“We believe that better informed investors make better clients,
as we believe that they’re less likely to invest in products they
don’t understand, and we believe that they are less likely to panic
when markets fluctuate over the short-term,” added Bonds.
Access the full study results here: Gold ETF Impact Study
2023.
About State Street Global Advisors Gold ETF Impact
Study
State Street Global Advisors, in partnership with A2Bplanning
and Prodege, conducted an online survey among individual investors
in the US. Data was collected from March 24 to April 19, 2023 from
a nationally representative sample of approximately 1,000 adults
ages 25+ who have investable assets of $250,000 or more. From the
random sample, there were 95 individual investors who held a gold
ETF(s). An augment of 10 individual investors who held a gold
ETF(s) was performed to achieve a sufficient sample size for
analysis.
The survey consisted of 14 close-end questions plus profiling
questions.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. The funds provide
investors with the flexibility to select investments that are
aligned to their investment strategy. For more information, visit
www.ssga.com.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of index and
active strategies to create cost-effective solutions. And, as
pioneers in index, ETF, and ESG investing, we are always inventing
new ways to invest. As a result, we have become the world’s fourth
largest asset manager2 with US $3.8 trillion3 under our care.
1 Source: Bloomberg Finance, L.P. State Street Global Advisors,
as of 8/31/23
2 Pensions & Investments Research Center, as of
12/31/22.
3This figure is presented as of June 30, 2023 and includes
approximately $63 billion USD of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated. Please note all AUM is
unaudited.
Important Risk Disclosures
The responses of the surveyed investors may not be indicative of
the experiences of other investors.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
Past performance is not a reliable indicator of future
performance.
Diversification does not ensure a profit or guarantee against
loss.
The views expressed in this material are the views of State
Street SPDR through the period ended August 18, 2023 and are
subject to change based on market and other conditions. This
document contains certain statements that may be deemed
forward-looking statements. Please note that any such statements
are not guarantees of any future performance and actual results or
developments may differ materially from those projected.
The trademarks and service marks referenced herein are the
property of their respective owners. Third party data providers
make no warranties or representations of any kind relating to the
accuracy, completeness or timeliness of the data and have no
liability for damages of any kind relating to the use of such
data.
Investing involves risk including the risk of loss of
principal.
This communication is not intended to be an investment
recommendation or investment advice and should not be relied upon
as such.
Investing involves risk, and you could lose money on an
investment in each of SPDR® Gold Shares Trust (“GLD®” or “GLD”) and
SPDR® Gold MiniShares® Trust (“GLDM®” or “GLDM”), a series of the
World Gold Trust (together, the “Funds”).
Commodities and commodity-index linked securities may be
affected by changes in overall market movements, changes in
interest rates, and other factors such as weather, disease,
embargoes, or political and regulatory developments, as well as
trading activity of speculators and arbitrageurs in the underlying
commodities.
Investing in commodities entails significant risk and is not
appropriate for all investors.
Important Information Relating to GLD® and GLDM®: GLD
and the World Gold Trust have each filed a registration statement
(including a prospectus) with the Securities and Exchange
Commission (“SEC”) for GLD and GLDM, respectively. Before you
invest, you should read the prospectus in the registration
statement and other documents each Fund has filed with the SEC for
more complete information about each Fund and these offerings.
Please see each Fund’s prospectus for a detailed discussion of the
risks of investing in each Fund’s shares. The GLD prospectus is
available by clicking here, and the GLDM prospectus
is available by clicking here. You may get these
documents for free by visiting EDGAR on the SEC website at
sec.gov or by visiting spdrgoldshares.com.
Alternatively, the Funds or any authorized participant will arrange
to send you the prospectus if you request it by calling
866.320.4053.
None of the Funds is an investment company registered under the
Investment Company Act of 1940 (the “1940 Act”). As a result,
shareholders of each Fund do not have the protections associated
with ownership of shares in an investment company registered under
the 1940 Act. GLD and GLDM are not subject to regulation under the
Commodity Exchange Act of 1936 (the “CEA”). As a result,
shareholders of each of GLD and GLDM do not have the protections
afforded by the CEA.
Shares of each Fund trade like stocks, are subject to investment
risk and will fluctuate in market value.
The values of GLD shares and GLDM shares relate directly to the
value of the gold held by each Fund (less its expenses),
respectively. Fluctuations in the price of gold could materially
and adversely affect an investment in the shares. The price
received upon the sale of the shares, which trade at market price,
may be more or less than the value of the gold represented by
them.
None of the Funds generate any income, and as each Fund
regularly sells gold to pay for its ongoing expenses, the amount of
gold represented by each Fund share will decline over time to that
extent.
The World Gold Council name and logo are a registered trademark
and used with the permission of the World Gold Council pursuant to
a license agreement. The World Gold Council is not responsible for
the content of, and is not liable for the use of or reliance on,
this material. World Gold Council is an affiliate of the Sponsor of
each of GLD and GLDM.
MiniShares® is a registered trademark of WGC USA Asset
Management Company, LLC used with the permission of WGC USA Asset
Management Company, LLC. GLD® and GLDM® are registered trademarks
of World Gold Trust Services, LLC used with the permission of World
Gold Trust Services, LLC.
For more information, please contact the Marketing Agent for
GLD and GLDM: State Street Global Advisors Funds Distributors, LLC,
One Iron Street, Boston, MA, 02210; T: +1 866 320 4053
spdrgoldshares.com
Intellectual Property Information: The S&P 500® Index
is a product of S&P Dow Jones Indices LLC or its affiliates
(“S&P DJI”) and have been licensed for use by State Street
Global Advisors. S&P®, SPDR®, S&P 500®, US 500 and the 500
are trademarks of Standard & Poor’s Financial Services LLC
(“S&P”); Dow Jones® is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”) and has been licensed for use
by S&P Dow Jones Indices; and these trademarks have been
licensed for use by S&P DJI and sublicensed for certain
purposes by State Street Global Advisors. The fund is not
sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones,
S&P, their respective affiliates, and none of such parties make
any representation regarding the advisability of investing in such
product(s) nor do they have any liability for any errors,
omissions, or interruptions of these indices.
Before investing, consider the funds’ investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit ssga.com. Read it carefully.
Not FDIC Insured · No Bank Guarantee · May Lose Value
Distributor:
State Street Global Advisors Funds Distributors, LLC, member
FINRA, SIPC, an indirect wholly owned subsidiary of State Street
Corporation. References to State Street may include State Street
Corporation and its affiliates. Certain State Street affiliates
provide services and receive fees from the SPDR ETFs.
© 2023 State Street Corporation.
All Rights Reserved.
5894987.1.1.AM.RTL Exp. Date: 09/30/2024
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version on businesswire.com: https://www.businesswire.com/news/home/20230919393124/en/
Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
State Street (NYSE:STT)
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