Asian Gold-Backed ETF Shutters | Page 2 of 2 | ETF Trends

As of August 12, AGOL held about 9,823 troy ounces of gold, with 100,000 shares outstanding.

AGOL, like other popular gold ETF plays, was backed by physical gold bars. However, AGOL was unique in the sense that it held its gold bullion in vaults located in Singapore, which provided another way for investors to diversify their gold holdings.

Nevertheless, investors may still trade the larger ETFS Physical Swiss Gold Shares (NYSEArca: SGOL), which has $841.9 million in assets under management. SGOL holds gold bullion stored in vaults located in Zurich, Switzerland.

Other physically backed gold ETFs hold bullion in separate locations. For instance, the SPDR Gold Shares (NYSEArca: GLD) and the iShares Gold Trust (NYSEArca: IAU) hold bullion stored in London.

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Max Chen contributed to this article.