There’s a young upstart in the gold ETF sector with a catchy name. advocates. Plus its annual fee is just 0.175%, far lower than most ETFs and definitely less than GLD’s expense ratio of 0.40%.
All this doubtless contributes to its growth in popularity; BAR hit $500 million in assets this week. While far short of GLD it is still an impressive number and indicates BAR is probably here to stay. And, if BAR continues to grow we may have to factor in BAR transactions along with GLD. You can read more about BAR in today’s featured article.
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