A Lower Fee For This Gold ETF

The fee wars that have long permeated the exchange traded funds universe have made their way to the gold ETF space. The latest example of that trend is the Aberdeen Physical Swiss Gold Shares (NYSEArca: SGOL).

Earlier this week, Aberdeen Standard Investments announced that SGOL’s new annual fee is 0.17%, or $17 on a $10,000 investment. SGOL previously charged 0.39% per year.

“Aberdeen is the third company to enter the gold-ETF price war, which started when GraniteShares introduced its low-cost gold-backed ETF (NYSE: BAR) last year. In the past year the firm has seen its gold assets under management grow to nearly $300 million,” reports Kitco News.

The SPDR Gold MiniShares Trust (NYSEArca: GLDM), which launched in June, has just over $311 million in assets under management. GLDM charges 0.18% per year, or $18 on a $10,000 investment.