The best gold exchange-traded funds (ETFs) are heavily traded, have lots of assets under management, and are preferably low cost.
The top 10 gold ETFs specifically exhibit:
- A high average daily trading volume (number of individual securities traded in a single day on average)
- Reasonable management expense ratio (MER)
10. PowerShares DB Precious Metals ETF (NYSEArca/DBP)
Average Daily Volume: 43,600
Assets Under Management: $124.7 million
Description: The PowerShares DB Precious Metals ETF is designed to track the performance of the DBIQ Optimum Yield Precious Metals Index. The index follows gold and silver prices through the use of futures contracts.