Unlike other etfs gold backed funds are taxed up to 25 as collectibles.
Gold etf funds fidelity.
Exchange traded funds or etfs are a type of investment that can help you diversify your investment portfolio and strengthen your low cost investment plan.
There are currently 9 etfs focused on tracking the price of gold excluding leveraged or inverse funds.
The fidelity select gold portfolio fund falls in morningstar s equity precious metals category.
Learn more about investing in etfs from the financial experts at fidelity investments.
One caveat for investors who want access to physical gold is the tax implication.
Fidelity exchange traded funds etfs are all available for online purchase commission free and include actively managed factor sector stock and bond etfs.
Other etfs backed by bullion include ishares comex gold trust iau and etfs physical swiss gold shares sgol.
Fidelity offers additional ways to gain exposure to precious metals.
Analyze the fund fidelity select gold portfolio having symbol fsagx for type mutual funds and perform research on other mutual funds.
For example you can purchase mutual funds and exchange traded funds etfs that invest in the securities of companies involved in the production of gold and or other precious metals.
Funds in this category typically invest in stocks related to gold and other precious metals which.
Read more about our etfs here.
The spdr gold shares gld 178 70 is the first u s traded gold etf and as is the case with many first funds it also has more assets than any of its competitors by almost three times its.