21
Dec
New Gold ETF Could Be Exchanged for Physical Gold
Filed Under (Bullion) by admin on 21-12-2009
There are several gold-focused exchange traded funds (ETFs), but a new product recently filed with the Securities and Exchange Commission (SEC) could have the most interesting twist yet.
Sprott Asset Management is planning to introduce a new ETF called the Sprott Physical Gold Trust (NYSEArca: PHYS). It’s designed to provide investors with exposure to the physical gold bullion market, reports Rocky Vega on The Daily Reckoning. (Record prices for gold has assets flowing into ETFs). Source
