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iShares Gold Trust Micro
IAUM (iShares Gold Trust Micro) is an index Commodities ETF by iShares. With a 0.09% MER, it provides diversified exposure.
IAUM by iShares is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.09% MER makes it one of the most cost-effective options in its category. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).