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World Gold Council plans another ETF
New Physical Gold ETF Filed
From ETF.com, New York
Monday, December 4, 2017
The World Gold Council has filed for a new physical gold ETF. The Gold Trust will be very similar to the $35 billion SPDR Gold Trust (GLD), the world's largest gold fund, but with key differences.
At first glance, the fund looks like it will go head to head with GLD, but maybe not. It seems unlikely the World Gold Council would want to cannibalize a successful existing product that already has its backing. The filing is actually quite vague, with a lot of information -- including the ticker and expense ratio -- left blank. ...
... For the remainder of the report:
http://www.etf.com/sections/daily-etf-watch/new-physical-gold-etf-filed?...
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