Bringing you live news and features since 2006 

World Gold Council and State Street Global Advisors launch low-cost gold ETF

RELATED TOPICS​

The World Gold Council, a market development organisation for the gold industry, and State Street Global Advisors, have launched the SPDR Gold MiniShares Trust (Symbol: GLDM).   

GLDM, which has a net and gross expense ratio of 0.18 per cent, will initially be listed at a per-share trading price of 1/100th of an ounce of gold, as represented by the LBMA Gold Price PM (USD).
 
“We believe GLDM is designed to provide an effective means for investors seeking the diversification benefits gold exposure may bring to a portfolio,” says Noel Archard, global head of SPDR product at State Street Global Advisors. “Combined with a relatively low expense ratio, GLDM’s relatively low share price provides all types of investors access to gold within portfolios, and we are excited to partner with the World Gold Council on another ETF for helping clients target investment goals.”
 
“Investors’ portfolio needs are continuously evolving, and it is important that there is a full range of physically-backed gold products available as they implement investment solutions,” says Joseph Cavatoni, Principal Executive Officer of GLDM’s sponsor and Managing Director USA and ETFs, World Gold Council. “We are pleased to now offer a suite of solutions that are designed to align with investors’ preferred characteristics, whether it’s liquidity, trading efficiency, total cost of ownership or managing their exposures in a strong US dollar environment.”
 

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
ETFs
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
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