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Tuesday, November 16, 2010

Is the Gold ETF Rush Over?

News summary by MFWire's editors

Last week's gold pullback is a stark reminder of the precious metal's volatility and is sparking concerns that investors may be piling into precious metals ETFs just in time for a price correction, according to today's Fund Track column.

For example, the Wall Street Journal's John Spence writes that iShares Silver Trust [see profile] last week tripled its one-day trading volume record on Tuesday when more than 149 million shares changed hands. The ETF dropped some three percent last week as tighter margin requirements for silver futures added to the selling pressure.

However, undaunted investors have reportedly placed their optimism, and money, into precious metals ETFs such as the $4.8 billion iShares Gold Trust, which has seen inflows pick up since it split 10-for-1 earlier this year. The iShares Gold Trust has an expense ratio of 25 basis points.

ETFS Physical Platinum Shares [see profile] and ETFS Physical Palladium Shares, which were both launched this year, have also reportedly gotten off to a strong start in terms of gathering assets.

Fundsters wondering if they're too late in joining the precious metals ETF party may want to check out the rest of the article. 

Edited by: Hung Tran

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