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ETF Securities Launches Asian Gold Shares Fund (AGOL)

By: ETFdb
ETF Securities, the European-based ETF issuer famous for its lineup of physically-backed precious metal ETFs, announced further expansion of its product offering with the launch of an ETF that holds physical gold bullion in Singapore, the ETFS Physical Asian Gold Shares Trust. The new fund will trade under the symbol AGOL and will charge investors a competitive 39 basis points for its storage fees. The new product marks the fifth fund tracking the physically-backed gold market, competing with the likes of GLD, IAU, PHYS, and ETF Securities’ own SGOL in the much sought after bullion ETP market. This product will mark the first time that U.S. investors are able to invest in a product that stores gold outside of the U.S. or Europe, allowing for further diversification across geographic regions. “We are pleased to introduce the first physically backed Asian Gold ETP in the US. AGOL offers investors a new [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Securities Planning Precious Metal Basket ETF Playing Precious Metals Through Equity ETFs Beyond GLD: Three Alternative Precious Metal ETFs Next Up: Gold ETF With Vaults In Asia Gold ETFs: Where Do They Go From Here?
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