What is SPDR Fund? SPDR Gold Trust gold fund information

تم تحديثه
SPDR Gold Trust gold fund is one of the prominent keywords in the financial world, This is a prestigious and currently the largest aquatic product for gold investment on a global scale. This article will share with consultants about SPDR Gold as well as how it works and the level of influence of SPDR Gold Trust.

What is SPDR fund (Spider fund)?

👉 SPDR fund's full name is Standard & Poor's 500 Depository Receipt. Simply put, this is a Standard & Poor's 500 trust certificate. Because the pronunciation is quite similar to Spider, it is also called Spider fund.

👉 This is a gold fund managed by State Street Global Advisors with the purpose of tracking the S&P 500 index. This trust certificate is operated based on S&P 500 securities.

What is SPDR Gold Trust?

👉 The SPDR Gold Trust is a trust operated by a division of the world's second-richest conglomerate, State Street Global Advisors. It can be said that SPDR Gold Trust is the 6th largest trust fund in the US and the largest in the world.

👉 Because the fund has the advantage of holding huge gold warehouses, buying and selling moves here will have certain effects on the market.

Information about SPDR Gold Trust fund
To better understand this SPDR fund, you can explore the important information below:
⚡️Characteristics of SPDR Gold fund⚡️
👉 SPDR Gold Trust fund is listed on the New York exchange and NYSE Arca. Now, investors can also trade SPDR funds on other stock exchanges. Among them, we must mention important addresses such as Tokyo, Singapore or Hong Kong.

⚡️ The sponsor manages the Gold Trust fund⚡️
👉 SPDR Fund is sponsored by reputable units such as:
SPDR Fund is sponsored by reputable units such as:

✔️ World Gold Trust Services;
✔️ Agent State Street Global Markets;
✔️ Trustee: BNY Mellon;
✔️ Custodian: HSBC bank.

⚡️How the SPDR Gold Trust fund works⚡️

👉 he SPDR Gold Trust fund has a trading method similar to stocks. Investors can short sell, pay through payments, or buy on margin but must pay a commission to the trading party.

👉 This gold fund is used by many large investors and institutions to guide the market. It helps investors manage passively, rivaling the S&P 500 index fund.
ملاحظة
⚡️Impact of SPDR on the gold market?⚡️

👉 The SPDR Fund can impact the gold market, which anyone can see. Specifically, in 2008, this fund sold up to 20.5 tons of gold, leading to the lowest world gold price in a month. SJC gold price in Vietnam also dropped, more than 200,000 VND compared to before.

👉 It can be seen that with just a few small fluctuations, the SPDR fund can cause the world's gold market to fluctuate. According to many billionaires, this gold fund has an even more terrible impact than the crisis in Europe and America.
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