Bringing you live news and features since 2006 

BlackRock makes changes to iShares Gold Trust


BlackRock’s iShares exchange-traded funds business has made further changes to the iShares Gold Trust.

These changes will make the trust the first US-listed gold ETF to be fully allocated daily.

In addition, the name of the trust has been changed to the iShares Gold Trust to more clearly reflect that the trust holds only physical bullion, not futures.

“We continue to make refinements to the iShares Gold Trust to meet growing demand for gold investing and to meet clients’ specific needs,” says Noel Archard, head of US iShares product at BlackRock. “The trust’s new custodian, JPMorgan Chase Bank, London branch, is providing daily 100 per cent allocation of the gold bullion. We understand client concerns with exposure to unallocated gold and, as part of these refinements we’ve taken steps to minimise risks from unallocated gold exposure.”

Each business day, the trust’s assets will be fully allocated so that at the end of such business day no gold is held in unallocated form. The custodian will not allow issuances of shares on unallocated amounts.

These changes are part of the continuing refinements the firm has made to the trust. In June 2010, the firm announced several changes to the iShares Gold Trust including: reducing the share price – and increasing the trust’s shares outstanding – through a ten-for-one share split, and lowering the trust’s sponsor fee to 0.25 per cent.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by