When BAR debuted last year, it was easily one of the least expensive gold ETFs on the market, but the competition for inexpensive gold ETFs has been intensifying and some newer products undercut BAR’s 0.20% fee.
More On GLDM ETF
“Not to be outdone, SPRD Gold Minishares, the newest low-cost ETF (NYSE: GLDM), launched four months ago, saw its asset under management hit $312 million last month,” reports Kitco. “The increased inflows came as equity markets sold off sharply in October, seeing their worst month since the financial crisis.”
GLDM was priced at launch to be equivalent to one hundredth of an ounce of gold, as opposed to the SPDR Gold Shares (NYSEArca: GLD) at one-tenth of an ounce. GLDM can be attractive for long-term buy and hold investors whom do not wish to take advantage of GLD’s trading efficiencies and optionality.
GLDM’s annual fee is 0.18%, or $18 on a $10,000 investment.
For more information on the gold market, visit our gold category.