In the Wednesday edition of the
Wall Street Journal
Fund Track column
, Carolyn Cui picks up on the
launch of ETFS Physical Swiss Gold Shares
. The new offering, from London-based ETF Securities
, is the third gold ETF to hit the US market, joining the World Gold Council's
$34.7 billion SPDR Gold Shares and Barclays Global Investors' $2.4 billion
The launch comes amid skyrocketing gold prices. On Tuesday, gold prices shot up to a six-month high, then closed at $997.90 a troy ounce.
ETFS Physical Swiss Gold Shares sports an expense ratio
of 39 basis points, compared with 40 bps for its two rivals.
The ETF's launch on Wednesday comes on the heels of ETF Securities' July rollout of a silver-backed ETF, which now has more than $130 million of assets.
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