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A high-level funds manager has divulged her fund’s strategy of offloading Zip Co Ltd (ASX: Z1P) shares and buying Pro Medicus Ltd (ASX: PME) instead.

The Pro Medicus share price is down 4.48% at the time of writing at $44.10, after falling as low as $43.59 earlier today. Meanwhile, Zip shares are around 2.62% lower.

By comparison, the S&P/ASX 200 Index (ASX: XJO) is down around 1% so far today.

Let’s take a look at what the Australian head of one global investment firm had to say.

Why Pro Medicus instead of Zip?

Amid interest rate speculation, the Russian invasion of Ukraine, and the east coast floods, one investment head has outlined reasons for a shift towards a growth share like Pro Medicus over buy now, pay later (BNPL) share Zip.

Speaking to LiveWire, Abrdn Australian equities head Michelle Lopez explained her fund’s major portfolio shift with its move to a growth share like Pro Medicus.

So we pivoted out of a company, for example, Zip, that had a very long runway to turn profitable. And we recycled that capital into a higher quality growth name, such as a Pro Medicus, that again, got hit very hard. 

But, A, it’s profitable, B, it’s got incredibly strong margins. It’s an industry leader. It’s got cash on the balance sheet. And again, we felt the valuation had come off a long way. So it was just being a lot more discriminate in quality growth versus lower quality growth.

In its half-yearly results, Pro Medicus reported net profit surged by 52.7% and revenue increased by 40%. The company’s shares gained 3.6% on 16 February, the day these figures were released.

Lopez also shared her insight into the latest reporting season, describing it as “turbulent”. She added:

We’ve had rising inflation, we’ve got interest rates and expectations of hikes coming through, and we’ve got geopolitical tensions escalating. I felt it was a case of “shoot first and ask questions later” this reporting season.

Particularly for companies that had either very high valuations or operating leverage that was expected to come through that didn’t, they’re the ones that really got hit quite hard.

The Pro Medicus share price has sunk 26% in the past six months while the Zip share price has tanked 76% over the same time frame.

Share price recap

The Pro Medicus share price has held steady during the past 12 months, gaining a modest 0.75%, while Zip shares have shed around 83%.

For comparison, the benchmark ASX 200 index has returned about 5% over the past year.

Year to date, Pro Medicus shares have dived nearly 30%, while Zip shares have slumped around 62%.

The post Why we just sold Zip and bought Pro Medicus (ASX:PME) shares: fundie appeared first on The Motley Fool Australia.

More reading

• Bargain hunting: Zip (ASX:Z1P) co-founders snap up $1.5 million of shares
• Has Zip (ASX:Z1P) got this key metric wrong in the Sezzle takeover?
• ASX 200 (ASX:XJO) midday update: AGL rejects new takeover offer, Appen makes strategic investment
• These are the 10 most shorted ASX shares
• What on earth happened to the Zip (ASX:Z1P) share price last week?!

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pro Medicus Ltd. and ZIPCOLTD FPO. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking to bolster your portfolio with some blue chip shares in March, you may want to look at the two listed below.

Here’s why these blue chip ASX shares are highly rated right now:

CSL Limited (ASX: CSL)

The first blue chip share to look at is CSL. This biotherapeutics giant could be a top option for investors looking for exposure to the healthcare sector.

This is thanks to the long term growth potential of its CSL Behring and Seqirus businesses, as well as the soon to be acquired Vifor Pharma business.

The team at Morgans believe now could be the time to buy. Particularly given the improving outlook for plasma collections. It said: “While near term challenges remain, the ongoing recovery in plasma collections, coupled with management’s confidence, paints a favourable earnings picture.”

Morgans currently has an add rating and $327.60 price target on its shares. This compares favourably to the latest CSL share price of $250.22.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Over the last decade, Goodman has built a portfolio of in-demand properties that have exposure to key growth markets such as ecommerce and logistics. And with a material development pipeline and strong demand, Goodman has been tipped to continue its solid growth in the coming years by the team at Citi.

In fact, the broker believes that management’s upgraded earnings per share guidance of 20% in FY 2022 is conservative and sees scope for Goodman to outperform it.

Citi has a buy rating and $29.50 price target on the company’s shares. This compares to the latest Goodman share price of $21.38.

The post 2 blue chip ASX 200 shares analysts rate as buys this month appeared first on The Motley Fool Australia.

More reading

• Payday? Here’s why the CSL share price is sliding this morning…
• ASX 200 (ASX:XJO) midday update: Block, Zip tumble, QBE’s asset sale
• The CSL (ASX:CSL) share price is falling today, but here’s what investors can look forward to next week
• CSL (ASX:CSL) share price on watch following Vifor Pharma acquisition update
• 2 long-term ASX stars now cheap enough to buy: experts

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in Australia and New Zealand Banking Group Ltd (ASX: ANZ) are faltering once again today. At the time of writing, the ANZ share price is racing lower at $24.68.

Today’s loss marks another 52-week low for the banking giant after its share price collapsed from a recent high of $28.17 on 22 February.

Since then ANZ shares have raced towards the floor, and a bottom is not yet clearly defined.

Why are this big bank’s shares falling again today?

ASX bank shares have been hit hard since the conflict in Europe escalated in late February and the US Federal Government imposed sanctions on the Russian financial system.

The S&P/ASX 200 Financials Index (ASX: XFJ) has collapsed almost 4% in the past month and is down more than 7% for the year – a mile behind the benchmark S&P/ASX 200 Index (ASX: XJO).

ANZ has faltered more than 12% during that time and is now among the worst performers from the other banking majors in 2022.

Market pundits have become jittery in the global banking sector amid the sanctions that have restricted Russian financial institutions from participating in the global financial system.

The impulse of these sanctions has been felt throughout the global banking sector, with each of the United States, Europe and Asia-Pacific taking a hit in response.

The number of banking stocks trading above their 200-day and 50-day moving averages around the world is creeping down slowly, and the overall sector is proving to be a thorn in the side of investors over the past month of trading.

Whilst global banking indices take a pummelling in 2022, the Bloomberg Commodity Index (BCOM), shown via the red line above, has taken off – a reflection of the supercycle most raw materials find themselves in right now.

Hence with the negative momentum sweeping through the ASX financials sector, it’s no wonder we’re seeing the ANZ share price suffering today as well.

Not all are so downbeat on ANZ though – analysts at JP Morgan and Goldman Sachs are bullish on the bank. Each broker values ANZ at $30.50 and $31 per share, respectively.

ANZ share price snapshot

During the last 12 months the ANZ share price has collapsed over 14%. It is down another 10% this year to date.

In the past month, shares have collapsed another 9%, meaning ANZ is now among the worst-performing large-cap stocks on the ASX in 2022.

The post ANZ (ASX:ANZ) share price trails benchmarks, melts to another 52-week low appeared first on The Motley Fool Australia.

More reading

• 5 ASX 200 shares slumping to 52-week lows on Friday
• Why is the ANZ (ASX:ANZ) share price getting battered more than the other banks this week?
• Australia’s newest tech unicorn, Zeller, is taking on the ASX banks. Here’s how
• Can this ASX 200 bank share flame 20% higher?
• Top brokers name 3 ASX shares to buy today

Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a heavy decline. In afternoon trade, the benchmark index is down over 1% to 7,036.3 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are sinking:

Block Inc (ASX: SQ2)

The Block share price has tumbled 10% to $137.50. Investors have been selling this payments company’s shares following a poor night of trade for its US listed shares on Friday night. In addition, futures contracts are currently pointing to a very red start to the week for tech shares on Wall Street. This is weighing on the Australian tech sector, which has dragged the S&P ASX All Technology index down 4% this afternoon.

GQG Partners Inc (ASX: GQG)

The GQG share price is down 7% to $1.23. This follows the release of the fund manager’s latest funds under management (FUM) update. That update revealed that fund inflows have continued but its overall FUM has fallen by 1.6% month on month to $89.8 billion.

Qantas Airways Limited (ASX: QAN)

The Qantas share price is down 9% to $4.49. Investors have been selling this airline operator’s shares amid concerns about rising oil prices. With prices briefly topping US$130 a barrel earlier today, Qantas’ fuel costs are likely to increase materially and put pressure on its margins. This could push back its break-even point once again.

Unibail-Rodamco-Westfield (ASX: URW)

The Unibail-Rodamco-Westfield share price is down 7% to $4.31. This shopping centre operator’s shares have come under pressure today following news that they will be dumped from the ASX 200 index later this month. At the quarterly rebalance on 22 March, Unibail-Rodamco-Westfield will be one of four shares removed from the index.

The post Why Block, GQG, Qantas, and Unibail-Rodamco-Westfield are sinking today appeared first on The Motley Fool Australia.

More reading

• Why is the Qantas (ASX:QAN) share price diving 7% today?
• Why is the Block (ASX:SQ2) share price sinking 11% on Monday?
• The oil price just hit a 13-year high, and these ASX 200 shares are surging
• ASX 200 (ASX:XJO) midday update: AGL rejects new takeover offer, Appen makes strategic investment
• Here’s why ASX shares are set for a shakeup this month

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Block, Inc. The Motley Fool Australia owns and has recommended Block, Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Webjet Limited (ASX: WEB) share price is in the red on Monday amid concerns the cost of international travel could increase.

At the time of writing, the Webjet share price is $5.09, 3.6% lower than its previous close.

Monday is proving to be hard on the broader market as well. Right now, the S&P/ASX 200 Index (ASX: XJO) and the All Ordinaries Index (ASX: XAO) have both fallen around 1.2%.

Let’s take a look at what might be weighing on the share price of Webjet and its ASX travel peers.

What’s dragging the Webjet share price lower?

The Webjet share price is slumping as the price of oil rises and Russian President Vladimir Putin warns airlines avoiding flying over Russia will see costs escalate.

The price of Brent crude futures is currently up 8.3% to US$127.90 a barrel, according to data from CNBC. Meanwhile, West Texas Immediate futures is up 7.5% to US$124.36 per barrel.

Additionally, many international airlines, including Qantas Airways Limited (ASX: QAN), are taking longer routes to avoid flying over Russia.

The new flight paths likely create extra plane time for travellers and, assumably, additional costs for airlines.

According to Russian media outlet, TASS, Putin predicts such costs could see many international airlines increasing airfares to recover the extra expenses.

Qantas’ amended ‘kangaroo route’ has been flying over the Middle East and southern Europe to dodge Russia’s landmass since last Sunday. Doing so adds an hour of flight time to the trip.

Of course, higher ticket prices could potentially harm Webjet’s profit margin. Therefore, concerns of additional costs facing airlines could be weighing on the Webjet share price today.

At least the online travel agency’s stock isn’t alone in the red.

The Webjet share price is still outperforming those of Qantas, Flight Centre Travel Group Ltd (ASX: FLT), and Corporate Travel Management Ltd (ASX: CTD). They’ve fallen 7.4%, 5.7%, and 4.6% respectively.

The post Why is the Webjet (ASX:WEB) share price spiralling 4% today? appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Is it a buy? Broker tips 31% upside in Webjet (ASX:WEB) share price
• How did the Webjet (ASX:WEB) share price travel in February?
• Why is the Webjet (ASX:WEB) share price having such a lousy start to the week?
• These are the 10 most shorted ASX shares

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Resolute Mining Limited (ASX: RSG)

According to a note out of Macquarie, its analysts have retained their outperform rating but cut their price target on this gold miner’s shares to 35 cents. This follows the release of a life of mine update at the end of last week, which revealed that exploration results have extended the life of its Syama Oxide mine by two years. The Resolute share price is trading at 31 cents on Monday.

Temple & Webster Group Ltd (ASX: TPW)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating and $12.65 price target on this online furniture and homewares retailer’s shares. Goldman remains positive on the ecommerce space. This is despite near term volatility around the normalisation of consumer behaviour following peak covid-demand periods. It is particularly positive on the home category due to a lag in penetration compared to other categories and structurally higher spending on the home relative to pre-covid levels. The Temple & Webster share price is fetching $6.45 on Monday.

Xero Limited (ASX: XRO)

Analysts at Citi have retained their buy rating but cut their price target on this cloud accounting platform provider’s shares to $132.60. Citi’s research shows that company formation and insolvency data is in-line with its expectations. It notes that insolvencies are increasing year on year in Australia and UK, while new business formation is slowing but remains above pre-COVID levels. All in all, the broker expects Xero to be trading within its expectations and has reduced its price target purely to reflect lower peer multiples. The Xero share price is trading at $95.84 this afternoon.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• Here’s why the Xero (ASX:XRO) share price is a top buy right now: expert
• Goldman says the tech selloff has made Xero (ASX:XRO) shares a buy
• 5 things to watch on the ASX 200 on Friday
• What’s the outlook for ASX retail shares like Kogan (ASX:KGN)?
• Here are 4 ASX shares insiders are putting their money behind

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Temple & Webster Group Ltd and Xero. The Motley Fool Australia owns and has recommended Xero. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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QBE Insurance Group Ltd (ASX: QBE) shareholders might be feeling frustrated after the share price tumbled 17% over the last month.

At the time of writing, QBE shares are swapping hands for $10.13, down 5.5%.

The insurance giant’s shares have backtracked, likely caused by an underwhelming performance along with rising costs from natural disasters.

QBE recently released its full-year results for the 2021 financial year, reporting growth across key metrics. However, despite the robust performance, the market was unimpressed as QBE fell short of expectations.

In addition, the flooding disaster that has struck Queensland and New South Wales is estimated to cost around $1 billion. This will weigh heavily on the group’s catastrophe allowance amid the further blowout.

Earlier this month, QBE advised it has a maximum event retention of $125 million for non-peak events in the Australia Pacific Division.

QBE’s FY22 catastrophe allowance is $962 million, including a first-quarter allowance of $248 million.

Nonetheless, the board opted to increase a final dividend to be paid to eligible investors.

Let’s take a look at the details below.

What’s the deal with QBE final dividend?

In total, the company will be paying out 19 cents per share for the 6 months ended 31 December 2021. That’s up 4 cents on last year’s final dividend for the 2020 financial year.

Furthermore, the payout ratio for the latest dividend is at 41% of adjusted cash profit. This is in line with the group’s revised dividend policy of 40% to 60% of annual adjusted cash profit.

When can shareholders expect to be paid?

QBE will pay the final dividend to eligible shareholders next month on 12 April.

However, with today being the ex-dividend day, shareholders who held onto QBE shares at Friday’s market close will be eligible for the dividend.

It is worth noting that typically on the ex-dividend day, the share price falls in proportion to the dividend amount.

QBE’s final dividend is partially franked which means that investors will receive some tax credits when tax time comes along.

Currently, QBE has a dividend trailing yield of 1.09% and a market capitalisation of roughly $15 billion.

The post Here’s why the QBE (ASX:QBE) share price is sliding 5% today appeared first on The Motley Fool Australia.

More reading

• QBE (ASX:QBE) share price backtracks as CEO realigns group’s strategy
• ASX 200 (ASX:XJO) midday update: Block, Zip tumble, QBE’s asset sale
• ‘$2 billion cost’: How are the floods impacting ASX 200 insurance shares this week?
• 4 ASX shares that love rising interest rates: report
• Should you buy QBE (ASX:QBE) shares as an inflation hedge?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Qantas Airways Limited (ASX: QAN) share price has hit more turbulence today.

The S&P/ASX 200 Index (ASX: XJO) travel share closed on Friday at $4.92 and is currently trading for $4.59.

That leaves the Qantas share price down 6.8% in afternoon trading.

Why are ASX travel shares under pressure?

It’s not just the Qantas share price sliding today.

Fellow ASX 200 travel share Flight Centre Travel Group Ltd (ASX: FLT) is down 4.6% and the Webjet Limited (ASX: WEB) share price is down 3.6%.

ASX travel shares have come under renewed pressure just as there looked to be light at the end of the tunnel of the years’ long pandemic border closures.

Russia’s invasion of Ukraine not only appears likely to dampen international travel demand, particularly through Europe, but it’s sent the price of fossil fuels soaring. And with Western nations now seriously discussing sanctioning Russia’s oil exports, the pace of the price rises has only picked up.

Brent crude oil spiked 8.5% over the past 24 hours and is currently trading for US$128 per barrel, according to data from Bloomberg. You have to go all the way back to 2009 to find crude fetching higher prices.

With oil prices now up 42% since this time last month, investors may be hitting the sell button with concerns over the mounting costs of jet fuel.

Qantas share price snapshot

With today’s intraday losses factored in, Qantas shares are down 15.8% over the past month. That compares to a 1.1% loss posted by the ASX 200 over that same period.

Despite the recent headwinds, the Qantas share price remains up 94% from its 20 March 2020 early pandemic lows.

The post Why is the Qantas (ASX:QAN) share price diving 7% today? appeared first on The Motley Fool Australia.

More reading

• The oil price just hit a 13-year high, and these ASX 200 shares are surging
• Why Magellan, Nick Scali, Qantas, and Zip shares are tumbling today
• Qantas (ASX:QAN) share price dives 4% amid escalating Ukraine fears
• Qantas (ASX:QAN) share price enjoying green start to the week as Joyce says ‘we’re seeing huge demand’
• Why is the Webjet (ASX:WEB) share price having such a lousy start to the week?

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Flight Centre Travel Group Limited and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Flight Centre Travel Group Ltd (ASX: FLT) share price is among many ASX travel stocks tumbling lower on Monday.

The sector’s woes come amid rising oil prices and the continuing conflict in Ukraine.

At the time of writing, the Flight Centre share price is $16.77, 5.73% lower than its previous close.

For context, the broader market is also suffering. The S&P/ASX 200 Index (ASX: XJO) is currently down 1.24% while the All Ordinaries Index (ASX: XAO) has dipped 1.22%.

Let’s take a closer look at what might be dragging the travel agent’s stock lower today.

What’s weighing on the Flight Centre share price today?

The Flight Centre share price has joined many of its peers in the red as rising oil prices and Russia’s invasion of Ukraine spur concerns of the sector’s profitability.

Russian media outlet TASS reported the country’s president Vladimir Putin is warning international airlines dodging Russian airspace will face higher costs.

Costs born from the extra time and fuel it takes to avoid airspace over the world’s largest country will see airlines’ profits dwindle and airfares increase, Putin reportedly said.

Market participants might be assuming this could spell bad news for Flight Centre’s bottom line.

Qantas Airways Limited (ASX: QAN) is one of many international airlines currently bypassing Russia.

Its Darwin-to-London route is flying through the Middle East and southern Europe instead, adding an extra hour of flight time.

The Qantas share price is one of the ASX 200’s worst performers today, tumbling 7.72% at the time of writing.

Flight Centre is also joined in the red by the Webjet Limited (ASX: WEB) share price. It has slumped 4.36% so far today.

Meanwhile, that of Corporate Travel Management Ltd (ASX: CTD) is 4.63% lower.

Not all ASX travel shares are in the red, however. Shares in Regional Express Holdings Ltd (ASX: REX) gained slightly this morning before falling to trade flat with their previous closing price.

The post Why is the Flight Centre (ASX:FLT) share price dipping 6% today? appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Why the Flight Centre (ASX:FLT) share price is down 16% from its year to date high
• The Flight Centre (ASX:FLT) share price managed to gain some altitude in February. Here’s how
• Why is the Webjet (ASX:WEB) share price having such a lousy start to the week?
• These are the 10 most shorted ASX shares

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Webjet Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX exchange-traded funds (ETFs) come in all shapes and sizes these days. Gone are the times when ETFs meant index funds. In our modern age, there are ETFs on the ASX that cover almost anything you can think of. There are funds covering bank shares, oil futures, and the South Korean share market. And yes, there are gold ETFs as well.

The ASX is home to a number of popular ETFs that track gold in various ways. There’s Perth Mint Gold (ASX: PMGOLD) and the BetaShares Global Gold Miners ETF (ASX: MNRS). But there is also the ETFS Physical Gold ETF (ASX: GOLD). And that’s the ETF we’ll be taking a closer look at today.

How does the GOLD ETF work?

So according to the provider, this ETF from ETF Securities offers an alternative to investors owning physical gold bullion. It does not invest in gold miners or other gold-related assets like some other gold ETFs on the ASX. As such, investors can expect a return equivalent to the movements of the gold price itself (in Australian dollar terms). Taking into account the ETF’s management fees, of course.

Unlike most ETFs, an investment in the GOLD exchange-traded fund represents ownership of the precious metal. It does not equate to ownership of any shares or businesses of any kind. As such, GOLD units do not provide investors with a yield of any sort.

GOLD works by issuing units that are backed by physical bullion. This bullion is reportedly held in custody by JPMorgan Chase & Co in London.

According to ETFS, “each physical bar is segregated, individually identified and allocated, which means there is no credit risk. Investors can choose to redeem units for the physical holdings.”

Since its inception in March 2003, the ETFS Physical Gold ETF has returned an average of 8.23% per annum. The fund charges an annual management fee of 0.14%.

The post ASX GOLD! Here’s how this popular ASX gold ETF works appeared first on The Motley Fool Australia.

More reading

• Expert reveals why not all ASX gold ETFs are created equal

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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