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GBSP ETC · WisdomTree GBP Daily Hedged Physical Gold ETC
The GBSP Exchange Traded Commodity (ETC) is provided by WisdomTree. It is built to track an index: Morgan Stanley Long Gold Index. The GBSP ETC provides physical exposure, so by buying it you actually own parts of all the underlying holdings. The dividend policy is capitalization.
Last update Yesterday at 8:00 AM UTC
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This fund is part ofGold1M perf.+1.40%
Last price
£25.75
1M perf.
+1.68%
1M flows
+€4M
AuM
€2.97B
E/R
0.12%
Rating
Not rated
ESG Consensus®
GBSP
£25.75
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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GBSP
£26.19
+17.50%
Gold
+18.18%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +1.68%  | +17.50%  | +72.98%  | +158.89% | +181.50% | -1.78% | +16.98% | +16.98% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/12/2026
£26.19
1D NAV change
-1.02%
Dividend policy
No income
Replication method
Direct (Physical)
Replication model
Physically backed
No. of holdings
N/A
Inception date
5/19/2013
Jurisdiction
Jersey
Distribution
Spain
Finland
Denmark
Ireland
Austria
Legal structure
Debt instrument
Base currency
GBP
Classification
Investment strategy
WisdomTree Physical Gold - GBP Daily Hedged is a UCITS Eligible Exchange-Traded Commodity (ETC) designed to offer security holders a simple, cost-efficient and secure way to access Physical Gold currency hedged by tracking the MS Long Gold British Pound Hedged Index. The product enables investors to gain exposure to the movement of Physical Gold spot price, less the applicable management fee, with a daily currency hedge against exchange rate movements. WisdomTree Physical Gold - GBP Daily Hedged is backed by physical, allocated Physical Gold held by JPMorgan Chase Bank, N. A. (the custodian). Only metal that conforms with the London Bullion Market Association's (LBMA) rules for Good Delivery can be accepted by the custodian. Each physical bar is segregated, individually identified and allocated. For example, if the MS Long Gold British Pound Hedged Index rises by 1% over a day, then the ETC will rise by 1%, excluding fees. However if the MS Long Gold British Pound Hedged Index falls by 1% over a day, then the ETC will fall by 1%, excluding fees.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +17.50% | +72.98% | +158.89% | +181.50% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
1
2
3
4
5
6
7
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Morgan Stanley Long Gold Index - GBP Hedged
Index ticker
MSCEGLDG Index
Index dividend policy
PI
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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WisdomTree
WisdomTree ID Card
Number of funds
429
Total AuM
€133.29B
Expense ratio range
0.05% - 4.32%
Average expense ratio
0.5435%
Top 5 funds by WisdomTree
| AuM | ||
|---|---|---|
USFR | WisdomTree Floating Rate Treasury Fund | €14.11B |
DGRW | WisdomTree U.S. Quality Dividend Growth Fund | €13.51B |
PHAU | WisdomTree Physical Gold ETC | €7.79B |
DXJ | WisdomTree Japan Hedged Equity Fund | €5.24B |
SGBS | WisdomTree Physical Swiss Gold ETC | €5.04B |
Frequently asked questions about GBSP
What does WisdomTree GBP Daily Hedged Physical Gold ETC, GBSP, invest in?
GBSP is a Passive ETF. This ETC provides exposure to Gold.
Which benchmark or index does GBSP replicate?
GBSP tracks the Morgan Stanley Long Gold Index - GBP Hedged, through a replication method.
What is the Total Expense ratio (TER) of GBSP?
GBSP carries a total expense ratio (TER) of 0.12%, indicating the annual cost for holding the fund.
When was GBSP launched?
GBSP was introduced to the market on May 19, 2013. It trades on Spain, among other exchanges
Who is the ETF issuer of GBSP?
WisdomTree GBP Daily Hedged Physical Gold ETC, GBSP, is provided by WisdomTree. Learn more about WisdomTree here.
What is the current assets under management (AUM) of GBSP?
GBSP oversees €2.97B in assets as of March 12, 2026.
How has GBSP performed lately?
Based on data from March 12, 2026, GBSP returned 1.68% over the past month, 17.50% over the last three months and 16.98% year-to-date.
What are the latest inflows or outflows for GBSP?
As of March 12, 2026, GBSP recorded net flows of +€4.5M over the last month and -€13M year-to-date.
What is the base currency of GBSP?
The base currency of GBSP is GBP.
Is GBSP currency-hedged?
GBSP is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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