News

SSGA launches gold-backed ETF in Japan

Gold_ETFState Street Global Advisors (SSGA) has unveiled a new physical-backed gold exchange-traded fund (ETF) for the Japanese market. The SPDR Gold MiniShares ETF Japan has a net expense ratio of 0.18% and is targetting investors looking to access long-term exposure to gold and for extra diversification. State Street launched the first SPDR Gold MiniShares ETF in June 2018 in the US in conjunction with the World Gold Council. The fund is currently the largest gold ETF in the market with close to $45 billion in total net assets. “The SPDR Gold MiniShares ETF offers a cost-effective, efficient and highly liquid solution for investors seeking to access the risk-adjusted returns that physically-backed gold products can bring to a portfolio,” said Rory Tobin, head of the Global SPDR ETF business at SSGA. “Our research indicates that investor appetite for gold-backed ETFs continues to increase, with global assets reaching all-time highs in September,” added Joe Cavatoni, managing director, USA, World Gold Council. ©2019 funds global asia

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