iShares offers both broad and targeted commodity funds which can help investors to diversify through accessible, cost-efficient solutions.

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. Unless otherwise stated, all information on this page is correct as at 30 June 2018.


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Most liquid Physical Gold ETC

The iShares Physical Gold ETC has the highest trading liquidity in the Gold ETC universe, based on 12m average daily trading volume (ADV).
Source: Bloomberg.


Largest Commodity Swap ETF

The iShares Diversified Commodity Swap UCITS ETF is the largest Commodity Swap ETF in the UCITS universe based on assets under management (AUM).
Source: Morningstar.


Efficient access to commodities

iShares offer both direct and indirect access to commodities in an easy to trade instrument at cost-effective prices.


Please refer to the ‘Risks’ section at the end of the page for full explanations of all the fund risks mentioned.

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Credit Risk: The issuer of a financial asset held within the fund may not pay income or repay capital to the fund when due. If a financial institution is unable to meet its financial obligations, its financial assets may be subject to a write down in value or converted (i.e. “bail-in”) by relevant authorities to rescue the institution.

Commodity Swaps Risk: The prices of commodities tend to experience greater variations than other asset classes (e.g. equities or fixed income securities). Investments in commodities are therefore potentially riskier than other types of investments.

Currency Risk: The fund invests in other currencies. Changes in exchange rates will therefore affect the value of the investment.

Derivatives Risk: Derivatives are highly sensitive to changes in the value of the asset on which they are based and can increase the size of losses and gains, resulting in greater fluctuations in the value of the fund. The impact to the fund can be greater where derivatives are used in an extensive or complex way.

Emerging Markets Risk: Emerging markets are generally more sensitive to economic and political conditions than developed markets. Other factors include greater 'Liquidity Risk', restrictions on investment or transfer of assets and failed/delayed delivery of securities or payments to the fund.

Equity Risk: The value of equities and equity-related securities can be affected by daily stock market movements. Other influential factors include political, economic news, company earnings and significant corporate events.

Factor Focus Risk: Indices with a factor focus are less diversified than their parent index because they have predominant exposure to a single factor rather than the multiple factor exposure of most indices. Therefore they will be more exposed to factor related market movements. Investors should consider this fund as part of a broader investment strategy.

Gold Risk: The value of gold may be subject to substantial fluctuations. Factors such as supply and demand, localised economic, political or environmental events, transportation, customs and fiscal restrictions may impact the value of gold.

Investment in Gold Risk: Investment risk is concentrated in a single commodity. This means the fund is more sensitive to fluctuations in the price of gold.

Liquidity Risk:Lower liquidity means there are insufficient buyers or sellers to allow the fund to sell or buy investments readily.

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