The table below show some of the world’s largest and most actively traded commodity ETF’s, their recent performance and not least recent investor flows. There are many ETFs tracking commodities so the list is by no means exhausted and should primarily be used for information and inspiration.
The first section are UCITS-compliant ETFs and are based on an EU directive that provides a regulatory framework for funds that are managed and based in the EU. A UCITS fund can be marketed to and traded by private investors because it adheres to common risk and fund management standards, designed to shield investors from unsuitable investments.
The second part of the table shows mostly US listed, and therefore non-UCITS compliant ETFs. It’s among this group we find some of the world’s biggest ETFs in terms of market cap, led by the GLD and IAU, two ETFs that tracks the performance of gold. It is also worth noting that due to changed taxation rules by the US Internal Revenue Service from January 1, 2023, Saxo no longer offer access to cash trading in PTP securities as non-US persons in general will incur an added 10% withholding tax on gross proceeds from the sale, trade, or transfer of U.S. PTP securities. A change that undoubtedly increased the popularity of European issued ETFs as non-US investors have either opted to close or switch their exposure to similar ETFs outside the US PTP framework.
We chose to show the PTP registered ETFs given the signal value they can provide, but also the fact that traders understanding the added risks of holding leveraged positions can still trade these as CFD’s.