I have a question about gold ETFs I am considering adding to my portfolio (Canada).
There are two funds, CGL and CGL.C. The first is hedged against changes in the value of $CAD, the second is not. Can someone explain how this differs? As far as I can tell, the unhedged doesn't compensate for changes in the underlying currency. But can someone explain why a fund that DOES account for changes in the value of the currency is desirable?
Eg. I buy CGL or CGL.C as a hedge against inflation. If dollar CAD inflation takes off, wouldn't I want the one that isn't compensating for the change in the dollar?
Sorry if this is a rookie question, but I've never traded any ETFs before. Thanks :)
Submitted November 13, 2020 at 03:01PM by throwaway2354343 https://ift.tt/3ppjVcB
