Invesco targets individual savers with new gold ETC

Fri June 19 2026

Invesco has launched a gold exchange-traded commodity (ETC) featuring a lower unit price than the asset manager’s multi-billion-dollar flagship gold fund in order to target individual investors operating on digital trading platforms. 

The Invesco Physical Gold II ETC (GOLD) is listed on the London Stock Exchange, Deutsche Börse and Euronext Milan, with a total expense ratio (TER) of 0.12%. 

GOLD replicates the performance of the LMBA spot gold price through certificates collateralised with physical gold, in an approach identical to the flagship $27.3bn Invesco Physical Gold ETC (SGLD). 

However, each certificate GOLD holds will initially represent 1/1000th of an ounce of gold, making each certificate worth $4 if the price of gold were at $4,000 per ounce.

“The lower price per unit of this new product should make investment easier for retail and professional investors alike,” Invesco said in a press release. 

By contrast, each certificate within SGLD initially represented 1/10th of an ounce of gold at launch. 

Matthew Tagliani, head of EMEA ETF product at Invesco, said: “Exchange-traded products are being used by a growing investor base, including retail investors who now have greater access through trading platforms.

“Investors are now constructing diversified portfolios using the breadth of ETPs for not only their core building blocks in equities and fixed income but also for alternative assets and more strategic allocations.”

The conflict in the Middle East pushed the price of gold all-time high of $5,589 per ounce on Jan 28, 2026. Widespread profit-taking followed, with the Invesco Physical Gold ETC (SGLD) shedding $1.1bn in assets over the first quarter of the year.

The launch of GOLD follows Invesco previously splitting the accumulating share class of its existing $48bn Invesco S&P 500 UCITS ETF (SPXS) in a similar move to help retail investors include the ETF in savings plans.

Unlike SPXS, performing a split on a debt security such as SGLD involves far more complex tax and structural considerations, which is why Invesco decided to launch GOLD separately.

Source: https://www.etfstream.com