NHGLD · Nasdaq Stockholm
Nordheim Guld ETC
Nordheim Guld ETC is a physically backed ETC providing direct exposure to LBMA-certified gold held in custody with J.P. Morgan Chase Bank N.A., London.
Traded in SEK on Nasdaq Stockholm and designed to provide exposure to gold to institutional standards through ISK, Capital Insurance and traditional brokerage accounts with Swedish online brokers.
If you don’t own gold, you know neither history nor economics.”
Founder of Bridgewater Associates - today one of the world's largest hedge funds.
Exchange Traded Commodities
Why invest in Nordheim Guld ETC instead of owning physical gold?
An ETC gives you exposure to the price performance of gold without having to buy, store and insure the precious metal yourself.
Instead, trading takes place directly on Nasdaq Stockholm, making it easy to trade through online brokers such as Avanza and Nordnet.
At the same time, the physically backed ETC provides exposure to gold as an exchange-traded product with institutional custody, high transparency and daily liquidity.
01Trade the product just like a stock
With Nordheim Guld ETC you get exposure to the gold price easily through your bank or online broker, without having to arrange transport, storage or verification of authenticity.
You can also quickly and easily increase or reduce your holding in Nordheim Guld ETC during Nasdaq Stockholm's trading hours.
02Avoid the practical challenges of storage & security
Owning physical gold means dealing with complex and costly matters such as storage, insurance, security and logistics.
Nordheim Guld ETC is built to handle exactly these matters for you - professionally, simply and to institutional standards.
03Clear structure and transparency
Nordheim Guld ETC is designed to be easy to understand: its value follows the gold price, and the product is built on an established structure with clear processes.
You get a liquid investment product and a published NAV (Net Asset Value) after every trading day.
04Liquidity and pricing close to the gold price
When you own gold directly, spreads, buy-back terms and timing can become very costly for you as an investor.
Nordheim Guld ETC is traded on Nasdaq Stockholm just like an ordinary share. This means the product is highly liquid and priced in real time in line with the gold price during Nasdaq Stockholm's trading hours.
This differs greatly from owning physical gold, where you as an investor need to find both a buyer and a seller for your physical gold, with all the challenges that may involve.
05Simple tax reporting
When you own gold directly, you need to declare and document every single buy and sell transaction.
Nordheim Guld ETC is traded and reported as a security in your chosen investment account, which means simpler reporting, a clearer NAV and smoother follow-up in your tax return - just as with traditional share trading.
Questions?
Speak directly with Henry
As a Swedish issuer, we are always available to answer any questions you may have about investing in Nordheim Capital's products.




Why gold?
Gold - strategic diversification and long-term inflation protection
For centuries, gold has served as a globally recognised store of value and a liquid asset.
In portfolio allocation, the precious metal is often used as an alternative asset class, as gold has historically shown low correlation with traditional assets such as equities and bonds, particularly during periods of heightened uncertainty.
Its supply dynamics are characterised by limited new production and a large existing stock, which in turn contributes to the stability of gold's long-term characteristics.
Gold also plays an important and central role in the financial system, not least through the extensive gold reserves held by central banks and the gold holdings of institutional investors, which further strengthens the precious metal's unique role as a strategic component of asset management and risk management.

Product information
Nordheim Guld ETC
- Full name
- Nordheim Guld ETC
- Ticker
- NHGLD
- ISIN
- SE0028798900
- Trading currency
- SEK
- Annual management fee (TER)
- 0.95%
- Custodian
- J.P. Morgan Chase Bank N.A., London
- Metal standard
- LBMA Good Delivery
- Backing
- Physical 1:1
- Underlying asset
- Physical gold (LBMA Good Delivery)
- Eligible account types
- ISK, Capital Insurance, Traditional brokerage account
- Marketplace
- Nasdaq Stockholm
- Competent authority for the EU Base Prospectus
- Finansinspektionen
Product documents
The legal documents are published in Swedish. The Key Information Document is also available in Norwegian and Finnish.
Investments in ETCs involve risk. The products do not provide capital protection, and their value may rise or fall, meaning you could lose part or all of your invested capital. Returns are affected by, among other factors, the performance of the underlying precious metal and, where applicable, currency fluctuations and fees. ETCs are exchange-traded securities, and their characteristics, terms and risks are described in the Prospectus and the Key Information Document (KID). Please read these documents carefully before investing and make sure you understand the product's structure, costs and relevant risk factors. Past performance is not a reliable indicator of future results. If necessary, seek independent financial, legal or tax advice before making an investment decision.
How to invest
Our products can be traded through ISK, Capital Insurance and traditional brokerage accounts with several online brokers. More platforms are added on an ongoing basis.
Can't find your broker above? Contact us
Structure & Security
What is LBMA?
LBMA stands for the London Bullion Market Association and is the global standard for trading physical gold and silver.
The organisation sets the requirements that determine what qualifies as high-quality precious metals, known as Good Delivery. These include criteria for purity, weight, origin and handling.
LBMA is also responsible for the international benchmark prices used daily by banks, institutions and market participants around the world.
Where are the precious metals stored?
The precious metals are held in custody by J.P. Morgan Chase Bank N.A., London, one of the world's leading custodians of precious metals.
They are stored in high-security vaults in accordance with LBMA standards, ensuring strict controls over quality, handling and reporting.
As a global institution, J.P. Morgan Chase Bank N.A., London provides the infrastructure used by central banks and some of the world's largest asset managers.

The team behind Nordheim Capital
Nordic asset management
We are a dedicated team with extensive experience in asset management, financial markets and product development, combining Nordic roots with institutional standards.
How to invest
Our products can be traded through ISK, Capital Insurance and traditional brokerage accounts with several online brokers. More platforms are added on an ongoing basis.
Can't find your broker above? Contact us











