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A gold ETF as GBP/USD hedge?

Barry_Bear · 2020-03-24 10:06:33

Question about hedging against GBP appreciating (not saying it will, lots of reasons it may not, so talking about a small hedge against the small possibility). A portfolio in global equities has benefited from weakening GBP. Ignoring any gold price change could you expect iShares Physical Gold ETC (GBP) SGLN to appreciate…

Comments

revs Posts: 40 Forumite

24 March 2020 at 7:21PM

GBSP has underperformed gold by (15.60%-0.65%-13.32%) = 1.63%
PHGP has overperformed gold by (32.92%-0.39%-33.44%) = 0.91%

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