BetaShares QAU ETF (ASX:QAU)
The BetaShares QAU ETF provides investors with exposure to the performance of gold bullion, hedged into Australian dollars.
What does the QAU invest in?
QAU invests in physical gold bullion (i.e., gold bars), that are held in an account maintained by JP Morgan Chase Bank at its London vault. The gold bullion must meet the standards required for certification as “London Good Delivery Bars”.
What do investors use QAU for?
The BetaShares QAU ETF could be used by investors to gain exposure to the price of gold, without the inconvenience associated with directly purchasing, storing and insuring physical gold bullion. Investors commonly use gold as a hedge against uncertainty, because gold is often seen as a ‘safe haven’ asset in times of volatility.
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