@philgoddard: It's just an unusual 08:12 Nov 13, 2014
term within the source text. The author just wanted to say that he is *not* buying futures, options, CFDs or whatever regarding the index.
Physical means that he buys the shares itself in order to replicate the index. In former times they were indeed delivered as certificates and sometimes deposited in jacket custody.
So the author wants to emphasize that he buys real items instead of just rights on the index.
It *may* be influenced by the epic discussion about gold funds - there are more rights on gold on the market than precious metal is available.
So the author convey the high-grade approach of his investment, I think. |