SPDR® Gold Shares (GLD®) Celebrates 20 Years as State Street Global Advisors Survey Indicates Investors Have Increased Allocations to Gold Amid Economic Uncertainty
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: Business Wire
Survey Shows 84% of Gold ETF Investors Report Improved Portfolio Performance Due to Their Gold HoldingsGold ownership expands: 38% of U.S. investors surveyed now hold gold in their portfolios, up from 20% last year.Investors in gold view gold as a safe haven during market volatility (57%) and a hedge against inflation (51%).When suggesting investing in gold to clients, 70% of financial advisors surveyed recommend gold ETFs. BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), and the World Gold Council, the market development organization for the gold industry, celebrate the 20th anniversary of SPDR Gold Shares (GLD). Since its launch on November 18, 2004, GLD has redefined how investors access gold, providing a relatively liquid, transparent, and cost-efficient means of exposure to physical gold. Today, GLD remains the largest gold ETF in the world with over $78.3 billion in assets under management.1Investor
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