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iShares® Gold Trust Micro (IAUM)IAUM
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Upturn Advisory Summary
08/23/2024: IAUM (2-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: 8.12% | Upturn Advisory Performance  3 | Avg. Invested days: 53 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 08/23/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 8.12% | Avg. Invested days: 53 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 08/23/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 1725320 | Beta 0.11 |
52 Weeks Range 18.11 - 25.95 | Updated Date 09/19/2024 |
52 Weeks Range 18.11 - 25.95 | Updated Date 09/19/2024 |
AI Summarization
iShares® Gold Trust Micro (IAUM) Summary
Profile:
- Primary Focus: Physical gold ownership
- Target Sector: Precious metals
- Asset Allocation: 100% physical gold bullion
- Investment Strategy: Tracks the price of gold bullion, offering investors exposure to gold without the direct ownership and storage concerns.
Objective:
- To provide investors with a convenient and cost-effective way to gain exposure to gold.
Issuer:
- BlackRock, Inc.:
- Reputation: World's largest asset manager with a strong track record in ETF management.
- Reliability: High, with a robust infrastructure and a commitment to regulatory compliance.
- Management: Experienced and renowned investment professionals oversee the ETF.
Market Share:
- Approximately 0.23% of the US Gold ETF market as of November 1, 2023.
Total Net Assets:
- As of November 1, 2023, total net assets amounted to approximately $450 million.
Moat:
- Physical Gold Backing: Provides direct exposure to gold, unlike some competitors that use gold futures contracts.
- BlackRock's Reputation: Benefits from BlackRock's vast resources and expertise.
- Low Cost: Expense ratio is lower than many competing gold ETFs.
Financial Performance:
- IAUM has historically tracked the price of gold closely, with low tracking error.
- Performance comparison against the S&P GSCI Gold Index shows similar returns with lower volatility.
Growth Trajectory:
- Gold prices have shown an upward trend in recent years, potentially benefiting IAUM.
- Rising inflation and geopolitical uncertainty could further drive demand for gold as a safe haven asset.
Liquidity:
- Average daily trading volume exceeds 100,000 shares, indicating good liquidity.
- Bid-ask spread is relatively tight, ensuring low trading costs.
Market Dynamics:
- Gold prices are influenced by factors such as interest rates, economic growth, inflation, and geopolitical events.
- Rising interest rates can negatively impact gold prices, while economic uncertainty and inflation tend to drive demand for gold.
Competitors:
- SPDR Gold Shares (GLD): Market share leader with over 40% market share.
- VanEck Merk Gold Trust (OUNZ): Similar to IAUM, backed by physical gold.
Expense Ratio:
- 0.15% per year, making it one of the lowest expense ratios among gold ETFs.
Investment Approach and Strategy:
- Strategy: Tracks the price of gold bullion, aiming to mirror its performance.
- Composition: 100% physical gold bullion stored in secure vaults.
Key Points:
- Provides convenient and cost-effective access to gold.
- Backed by physical gold, offering greater security than futures-based ETFs.
- Low expense ratio compared to competitors.
- Liquid and easy to trade.
Risks:
- Volatility: Gold prices can fluctuate significantly, impacting the ETF's value.
- Market Risk: The ETF's performance is tied to the gold market, which can be influenced by various factors.
- Currency Risk: As gold is traded in US dollars, currency fluctuations can impact returns for non-US investors.
Who Should Consider Investing:
- Investors seeking a portfolio diversification tool with exposure to gold.
- Individuals looking for a hedge against inflation or economic uncertainty.
- Investors with a long-term investment horizon.
Fundamental Rating Based on AI:
8.5 out of 10
IAUM's strong fundamentals are reflected in its low expense ratio, physical gold backing, and reputable issuer. Its performance has closely tracked the price of gold, demonstrating its effectiveness as an investment tool. While its market share is relatively small, its growth potential is promising given the rising demand for gold. However, investors should be aware of the inherent volatility of gold prices and the potential impact of market factors.
Resources and Disclaimers:
- iShares® Gold Trust Micro website: https://www.ishares.com/us/products/239744/ishares-gold-trust-micro-etf
- BlackRock website: https://www.blackrock.com/
- Morningstar: https://www.morningstar.com/etfs/arcx/iaum/overview
- Disclaimer: This information is provided for educational purposes only and should not be considered investment advice. Investors should conduct their own research and 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 iShares® Gold Trust Micro
The Advisor intends to constitute a simple and cost-effective means of making an investment similar to an investment in gold. An investment in physical gold requires expensive and sometimes complicated arrangements in connection with the assay, transportation, warehousing and insurance of the metal. Although the Shares are not the exact equivalent of an investment in gold, they provide investors with an alternative that allows a level of participation in the gold market through the securities market.
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