With the current prices for gold currently pushing higher amid trade war-related lows elsewhere, GraniteShares Gold Trust (BAR) sits on top. Sitting amidst other gold ETF competition, there’s more to look at as far as this steady gain in momentum.
Currently, BAR has had a year-to-date increase of 14.8%, based on data provided by XTF.com, putting it slightly above other similar gold ETFs. This success is not unprecedented. Back in May, it was reported in May that BAR’s low-cost and convenient ETF structure made it an attractive choice for investors looking to adequately diversify their portfolio, without having to consider the challenges of volatility.
How Has Gold Passed The BAR
As a part of GraniteShares, an independent company that has focused on being a disrupter in the industry by way of innovative ideas, BAR’s success aligns with their methodology. BAR’s status as a low-cost Gold ETF allowed it to surpass $500 million in assets earlier this year, further backing up its practice of being a cost-effective way to invest in physical gold and trades.
In addition to being cost-effective, as noted on their fact sheet, BAR relies on some key advantages. Being physically-backed and secure allows for reliance from the investors. The same can be said for BARs transparency when it comes to daily postings of the gold bars owned by the trust. Accessibility is vital as well, and BAR’s position on the NYSE ticker gives the impression of an ordinary stock.
Going into the second half of the year, the current data makes it clear the positive yield is helping to show BAR as having a competitive advantage while still working as a good way for investors to maintain a good safety margin. Still, that’s not to say BAR is the only gold ETF to be currently benefiting from swings in the market.
While BAR is currently in the lead, the numbers indicate plenty of competition just below it. Aberdeen Standard Physical Swiss Gold Shares ETS (SGOL) sits at 14.74%. iShares Gold Trust (IAU) is right behind at 14.73%. Perth Mint Physical Gold ETF (AAAU) and SPDR Gold MiniShares Trust (GLDM) are both at 14.66%.
The disruptions coming from elsewhere have undoubtedly been good for gold. BAR’s gain in momentum has it only goes so far when considering the other ETFs behind it.
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