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abrdn Physical Precious Metals Basket Shares ETF (GLTR)GLTR
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Upturn Advisory Summary
09/12/2024: GLTR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.22% | Upturn Advisory Performance  4 | Avg. Invested days: 46 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/12/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 6.22% | Avg. Invested days: 46 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/12/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 34190 | Beta 0.22 |
52 Weeks Range 80.99 - 112.87 | Updated Date 09/19/2024 |
52 Weeks Range 80.99 - 112.87 | Updated Date 09/19/2024 |
AI Summarization
abrdn Physical Precious Metals Basket Shares ETF (GLTR) Summary
Profile:
- Invests in a basket of physical gold and silver bullion held in London vaults.
- Aims to provide investors with exposure to the performance of precious metals.
- Passively managed, tracking the performance of the Solactive GBS Precious Metals Total Return Index.
Objective:
- To offer an efficient and cost-effective way to gain exposure to precious metals.
- To provide a hedge against inflation and market volatility.
Issuer:
- abrdn: A global investment management company with over $600 billion in assets under management.
- Reputation and Reliability: Well-established and reputable company with a long history of managing exchange-traded products.
- Management: Experienced investment team with expertise in precious metals and index tracking.
Market Share:
- Approximately 0.5% market share in the global precious metals ETF market.
Total Net Assets:
- Approximately $1.2 billion as of November 2023.
Moat:
- Direct ownership of physical precious metals: Eliminates risks associated with counterparty default.
- Low expense ratio: Competitive fees compared to similar ETFs.
- Liquidity: High average trading volume and tight bid-ask spread.
Financial Performance:
- Year-to-date performance: 8.5% (as of November 2023)
- Tracks the Solactive GBS Precious Metals Total Return Index closely.
- Outperformed the S&P 500 year-to-date.
Growth Trajectory:
- Precious metals are expected to benefit from inflationary pressures and geopolitical uncertainties.
- Potential for increased demand from investors seeking portfolio diversification.
Liquidity:
- Average trading volume: Over 200,000 shares/day.
- Bid-ask spread: Typically less than 0.1%.
Market Dynamics:
- Economic indicators: Inflation, interest rates, and economic growth.
- Precious metals market: Supply and demand dynamics, geopolitical events.
- Investor sentiment: Risk aversion and demand for safe-haven assets.
Competitors:
- iShares Gold Trust (IAU)
- SPDR Gold Trust (GLD)
- VanEck Merk Gold Trust (OUNZ)
Expense Ratio:
- 0.15%
Investment Approach & Strategy:
- Strategy: Tracks the Solactive GBS Precious Metals Total Return Index.
- Composition: 40% physical gold and 60% physical silver held in London vaults.
Key Points:
- Offers direct exposure to physical precious metals.
- Low cost and high liquidity.
- Suitable for investors seeking diversification and inflation hedge.
Risks:
- Volatility: Precious metals prices can fluctuate significantly.
- Market risk: Performance depends on the overall precious metals market.
- Counterparty risk: Custodian bank holds the physical metal.
Who Should Consider Investing:
- Investors seeking exposure to precious metals.
- Investors seeking a hedge against inflation and market volatility.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI:
7/10
Justification:
- Strong financial performance and low expense ratio.
- Experienced management team and reputable issuer.
- High liquidity and tight bid-ask spread.
- However, the competitive landscape is crowded, and the ETF's market share is relatively small.
Resources & Disclaimers:
- abrdn Physical Precious Metals Basket Shares ETF website: https://us.abrdn.com/individual/etfs/equity/gltr
- Morningstar: https://www.morningstar.com/etfs/arcx/gltr
- Bloomberg: https://www.bloomberg.com/quote/GLTR:US
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About abrdn Physical Precious Metals Basket Shares ETF
The Shares are intended to offer investors an opportunity to participate in the gold, silver, platinum and palladium markets through an investment in securities. The Shares are intended to provide institutional and retail investors with a simple and cost-efficient means, with minimal credit risk, of gaining investment benefits similar to those of holding physical Bullion metals in the proportions held by the Trust.
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