Tag - ETF

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Tuesday, January 19 2021

Nornickel fund launches first Blockchain-tracked precious metal ETCs

A fund of Russia’s Norilsk Nickel has launched Blockchain-tracked securities known as Exchange Traded Commodities (ETCs) which offer investors exposure to the spot prices of palladium, platinum, gold and silver without owning them.

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Wednesday, October 7 2020

Revolving Door at the SPDR Gold Trust – 6 CFOs since 2014

One would think that being CFO of the world’s largest gold-backed ETF would be a prestigious and sought after role. But the recent position holders might beg to differ. So is it a question of WGTS culture, a lack of fit with the CEO, a question of boredom with the WGTS plush Third Avenue offices in Manhattan, or a shock at what is under the hood in the operations of the SPDF Gold Trust?

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Saturday, August 15 2020

GLD continues to source gold at the Bank of England, at an escalating rate

The fact that GLD still needs to source gold at the Bank of England during two quarters in a row, and at an escalating rate, only serves to reinforce this point. No GLD gold was held by a subcustodian in the financial years 2014, 2015, 2017, 2018, 2019 or the 6 months to end of March 2020. In the January – March 2016 period, which corresponded to large inflows of gold into the Trust, GLD did, according to its filings, hold up to 29 tonnes at the Bank of England. But that was only one quarter. Two quarters in a row, Q1 and Q2 2020, is unprecedented.

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Thursday, May 14 2020

Amid London gold turmoil, HSBC taps Bank of England for GLD gold bars

With this new revelation that the SPDR Gold Trust began allocating gold bars at the Bank of England during the very same time as market maker liquidity broke in the London gold market, it seems that the liquidity problems of the LBMA bullion banks are both in physical gold and in paper gold. Which would make sense seeing that the giant London paper gold trading pyramid sits atop the tiny foundations of the London physical gold market.

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Sunday, May 10 2020

GLD ETF Holdings

BOE GLD holdings

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Tuesday, February 18 2020

Britain’s Royal Mint launches its first gold-backed listed product

Britain’s Royal Mint will list its first gold-backed exchange-traded product this week, as the price of bullion trades around its highest in seven years.

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Wednesday, January 22 2020

GLD—a Crash Course

Are the underlying mechanics of the largest gold ETF a cause for concern?

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Tuesday, October 8 2019

Gold-backed ETFs holdings hit record highs in September

In September, global gold-backed ETFs and similar products had US$3.9bn of net inflows across all regions, increasing their collective gold holdings by 75.2t to 2,808 tonnes(t), the highest levels of all time. Holdings surpassed late 2012 levels, at which time the gold price was near US$1,700/oz, 18% higher than current levels. Notably, the gold-backed ETF landscape is vastly different than in 2012 when two-thirds of global holdings were concentrated in North America. Today, North American- and European-listed funds make up 52% and 44% of global holdings respectively, with the remainder coming from funds listed in Asia and other regions.

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Wednesday, July 10 2019

Gold ETF Holdings

Holdings in global gold-backed ETFs and similar products rose sharply in June by 127 tonnes (t) to 2,548t – equivalent to US$5.5bn in inflows – as geopolitical uncertainty increased and central banks signalled a shift to a more accommodative policy over the coming months. This drove rates and the US dollar lower and shifted the momentum in gold as its price moved to a six-year high.

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Thursday, August 16 2018

Perth Mint launches first gold-backed ETF

The Perth Mint, Australia’s largest precious metals refinery, depository and mint, announced on Wednesday a new gold-backed exchange-traded fund (ETF) with a low-price management fee, entering the field of lower cost competitors.

The new fund, which will be backed by physical gold, will charge a fee of 18 basis points, or 0.18 percent, of the value of an investment, said Perth Mint Chief Executive Richard Hayes.

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Friday, June 15 2018

The World's Largest Gold Fund Is Getting a Cheaper Little Brother

The World Gold Council is readying a new fund that will charge less than any other gold ETF, regulatory filings show. It will vie for assets with 35 other precious-metals exchange-traded products in the U.S., including SPDR Gold Shares known by its ticker GLD the $35 billion market leader, which the council also started.

Investors will soon be able to get a piece of that action for a lower price. The SPDR Gold MiniShares Trust, which will trade as GLDM, will cost just 18 basis points in management fees, or $1.80 for every $1,000 invested, the filings show. By comparison, GLD charges $4 for every $1,000 invested.

The fund will also start trading with a significantly lower share price than GLD, allowing investors to buy in smaller increments, the documents show.

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Thursday, May 10 2018

Gold ETF Holdings Data

WGC ETF flows

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Tuesday, January 30 2018

Digital gold from Perth Mint threatens $122 billion in gold-backed ETFs

The Perth Mint's release of digital gold certificates for trading, holding, and transferring physical gold could have profound consequences for the $US98 billion ($122.5 billion) in gold-backed exchange traded funds.

When that occurs the Perth Mint's digital certificates could become a genuine challenger to gold-backed ETFs, which now own about 2,362 tonnes of gold, according to the World Gold Council.

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Tuesday, January 23 2018

Australia Is Cashing In on Gold ETFs

With holdings in gold-backed ETFs at the highest level since 2013, New York Stock Exchange Arca Inc. is seeking to list the Perth Mint Gold ETF Trust, according to a U.S. government filing. Gold Corp., a Western Australian state government-owned entity, will store the fund’s gold and facilitate transfers, including shipments, according to the filing.

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Wednesday, January 10 2018

Gold ETF Holdings Data | World Gold Council

Global gold-backed ETFs collectively held 2,363 tonnes(t) (US$98.1bn) at the end of 2017 as funds added 197.5t of gold, equivalent to US$8.2bn, during the year — an increase of 8.4% in global AUM from December 2016.

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Wednesday, September 6 2017

WGC Gold ETF Holdings Data

Global gold-backed ETFs collectively hold 2,295t. Gold-backed ETFs have added 143.5t, equivalent to $5.3bn so far this year. This represents an increase of 5.5% of global AUM.

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Thursday, June 1 2017

iShares Gold Trust | IAU

IAU just dropped 1,169,591oz of gold... worth almost $1.5 billion....

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Friday, April 21 2017

Investors Propel Purchases of Gold ETF on Geopolitics Trigger

Investors stepped up buying of the world’s largest gold-backed exchanged traded fund by the most in seven months amid concern about the outcome of European elections and a more aggressive U.S. stance on North Korea, Syria and Iran.

Holdings in SPDR Gold Shares climbed 1.4 percent Wednesday to 860.76 metric tons, the biggest one-day increase since September and the highest since Dec. 7. With gold futures up 11 percent this year, buyers are pouring funds into the non-interest bearing metal as the dollar fluctuates and Treasury yields hover close to the lowest levels this year.

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Wednesday, February 15 2017

Top gold ETF gets Islamic finance certification to tap new markets

The SPDR Gold Trust, an exchange-traded fund which holds 836.7 tonnes of bullion worth $33 billion, now falls in line with rules from the Accounting and Auditing Organization for Islamic Financial Institutions.

"Middle Eastern buyers have been transacting in gold long before the SPDR ever came into existence. As a result, I don't think this will necessarily pave a new avenue for untapped demand," said INTL FCStone analyst Edward Meir.

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Tuesday, January 31 2017

GLDW > SPDR Gold Shares

The SPDR® Long Dollar Gold Trust (NYSEArca: GLDW) offers investors an innovative way to access the gold market by removing the potential negative influence of a strong U.S. dollar (USD) on the price of gold. GLDW seeks to track the daily performance of a long position in physical gold and a long position in the US dollar against a basket of non-US currencies, including the euro (EUR), Japanese yen (JPY), the British pound (GBP), the Canadian dollar (CAD), the Swedish krona (SEK) and the Swiss franc (CHF). The structure of this ETF effectively provides investors the benefit of owning an exposure to gold as though they had purchased it using a basket of six, non-US dollar currencies.

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