IAUM

The iShares Gold Trust Micro (IAUM) is a commodity‑focused ETF that holds physical gold bullion, providing exposure to the global gold market rather than any specific country or sector. Its passive strategy seeks to track the spot price of gold, using the LBMA Gold Price PM index as its benchmark and storing the metal in secure vaults to mirror price movements. Because the fund is fully backed by physical gold, it offers a simple, low‑cost way to gain direct gold exposure without the logistical challenges of holding the metal oneself. IAUM is appropriate for investors who want a hedge against inflation, portfolio diversification, or a straightforward way to add precious‑metal exposure, especially those who prefer smaller, micro‑sized share units.