5 Best Gold ETFs

Page 5 of 5

1. ProShares Ultra Gold (NYSE:UGL)

5-Year Performance as of August 20: 65.29%

The ProShares Ultra Gold (NYSE:UGL) is an ETF that offers a pledge of achieving double the daily gains compared to gold—a bullish stance on gold’s price surge. The fund’s amplified involvement is tied to the price progress of the Bloomberg Gold Subindex. This index follows a dynamic futures stance on gold, aligned with Bloomberg’s predetermined contract timetable. The fund is tailored for short-term strategic use and is thus unsuitable for investors aiming to buy and hold. Should it be retained for more than one day, the compounding effects over daily intervals could lead UGL astray from its committed 2x exposure.

Disclosure: None. You can also take a look at 10 Momentum Stocks Billionaires Are Loading Up On and 11 Most Undervalued Foreign Stocks To Buy.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5