Welcome to SPDR® Long Dollar Gold Trust
The SPDR® Long Dollar Gold Trust (NYSEArca: GLDW) offers investors an innovative way to access the gold market by removing the potential negative influence of a strong U.S. dollar (USD) on the price of gold. GLDW seeks to track the daily performance of a long position in physical gold and a long position in the US dollar against a basket of non-US currencies, including the euro (EUR), Japanese yen (JPY), the British pound (GBP), the Canadian dollar (CAD), the Swedish krona (SEK) and the Swiss franc (CHF). The structure of this ETF effectively provides investors the benefit of owning an exposure to gold as though they had purchased it using a basket of six, non-US dollar currencies.
Similar to SPDR® Gold Shares (NYSEArca: GLD), SPDR® Long Dollar Gold Trust represents fractional, undivided beneficial ownership interests in the Trust which holds only physical gold bullion. GLDW seeks to meet its investment objective by entering into a currency overlay settled in physical gold. Accordingly, notwithstanding the currency overlay, GLDW holds only physical gold. GLDW operates similarly to its sibling, GLD, with an added function each business day whereby Merrill Lynch makes or takes deliver of gold to or from GLDW in an amount that reflects how GLDW’s gold holding performed in terms of the foreign currency basket. By doing that, GLDW holds only physical gold, but performs economically like gold in terms of the foreign currency basket.
*Potential investors should be aware that while the World Gold Council has consented to the use of the gold logo in each prospectus and on this website it has not otherwise caused or authorised the issue of each prospectus and takes no responsibility as to the contents of the prospectus or this website.
An investment in GLDW is subject to significant risks and therefore is not suitable for all investors. Investors should carefully evaluate the risk available from the Risks section.