24/7 Wall Street
06 Jun 2026, 18:18 UTC · 2h ago
Forget GLD: GLDM Tracks the Exact Same Bullion at One Quarter the Annual Cost
24/7 Wall Street
06 Jun 2026, 18:18 UTC · 2h ago
Story key points
3 claims · impact-rated
GLDM offers the same physical gold exposure as GLD but with a significantly lower annual fee of 0.10% compared to 0.40%. — This creates a cost-based incentive for long-term retail investors to rotate out of GLD and into GLDM, potentially affecting GLD's asset base.
-0.10GLD maintains an institutional advantage due to its deeper options markets and tighter spreads for high-volume active traders. — This justifies GLD's higher fee for specific institutional segments, stabilizing its dominance despite the cost disadvantage for retail users.
+0.05SGOL provides jurisdictional diversification by storing gold in Switzerland, unlike the HSBC London vaults used by GLD and GLDM. — This offers a specific risk-mitigation tool for investors concerned about UK-centric custodial risk.
+0.05Ticker attribution
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Model heads
The fund is praised as a cleaner, more cost-effective instrument for long-term holders with identical tracking and sufficient liquidity.
Mentioned as having fallen 33% year to date.
The article highlights that GLD's higher fee structure results in significant opportunity costs for long-term retail investors compared to cheaper alternatives.
Noted positively for providing jurisdictional diversification and a competitive fee.
Presented as a viable middle-ground option for those who prefer BlackRock's infrastructure.
Mentioned in a promotional context as a historically successful AI stock pick.
[mutual] Both are physical gold funds competing for investors, with GLDM positioned as a lower-cost alternative to GLD.
[mutual] Both are exchange-traded products tracking the price of gold.
[mutual] Both are exchange-traded products tracking the price of gold.
[mutual] Both are gold funds providing investors with exposure to bullion.
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