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Purpose Investments to convert Central GoldTrust and Silver Bullion Trust into ETFs

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Purpose Investments, manager of the Purpose family of exchange traded funds and mutual funds is to convert Central GoldTrust (CGT) and Silver Bullion Trust (SBT) into exchange-traded funds (ETFs).

The proposed ETF Conversion, which is subject to approval of the unitholders of each of CGT and SBT, has the unanimous support of the independent trustees of CGT and SBT, respectively, and Purpose believes, represents an exciting opportunity for their respective unitholders.
 
"At Purpose, we remain committed to providing industry leading premier investment solutions that offer investors the best possible experience and minimise their fees." says Som Seif, CEO at Purpose Investments."Central GoldTrust and Silver Bullion Trust along with the Administrators share the same values, and we feel confident that our proposed structure will enhance the low fee investment options for our clients."

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