Fast-growing physical gold ETF reaches threshold in under 3 years
NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) -- The GraniteShares Gold Trust (NYSE Arca: BAR), one of the lowest-cost, physically-backed gold ETFs on the market, has surged past $1 billion in assets under management (AUM) as investors flock to safe-haven assets amid continued market uncertainty. BAR launched in August 2017 and charges a sponsor fee of just 17.49 basis points.
Since inception, BAR has experienced robust growth — nearly doubling in size in the last 12 months on the back of geopolitical tensions, the COVID-19 pandemic and subsequent global economic stimulus measures.
“Not only has gold gained $250/oz. in 2020, but the asset rallied $1,475/oz. thus far into the 21st century,” said Will Rhind, Founder and CEO of GraniteShares. “Especially now, investors are increasingly attracted to gold’s ability to hedge against inflation, diversify their portfolio and deliver potentially positive returns during stock market downturns. We are pleased to offer investors a low-cost, efficient and secure solution to physical gold exposure through BAR.”
BAR is the flagship fund of GraniteShares’ diverse lineup of disruptive ETFs. The firm also offers the GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB), the GraniteShares Platinum Trust (PLTM), the GraniteShares HIPS U.S. High Income ETF (HIPS) and the GraniteShares XOUT U.S. Large Cap ETF (XOUT). GraniteShares surpassed $1 billion in total firm AUM last month and continues on a sharp growth trajectory in the current market environment.
For more information on BAR and GraniteShares, please visit https://www.graniteshares.com.
About GraniteShares
Headquartered in New York City, GraniteShares is an independent and fully funded exchange-traded fund (ETF) company that seeks to launch disruptive ETFs. GraniteShares' focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 20 years of experience in the industry.
Media contact:
Gregory FCA for GraniteShares
Jill Fritz, 484-832-7034
graniteshares@gregoryfca.com
Past performance is not a guarantee of future returns.
Important Information and Risks
Investing involves risk including the possible loss of principal.
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum Trust (PLTM), collectively “the Trusts”, must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a prospectus visit the links:
https://www.graniteshares.com/Documents/25/Prospectus-GraniteShares-Gold-Trust.pdf
https://www.graniteshares.com/Documents/46/PLTM-Prospectus-20191029.pdf
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
Trust shares of BAR trade like stocks, are subject to investment risk and will fluctuate in market value. The value of Trust shares relates directly to the value of the gold held by the Trust (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. Shares of the Trust are bought and sold at market price. Brokerage commissions will reduce returns
The Sponsor of the Trust is GraniteShares LLC. Foreside Fund Services, LLC, provides marketing services to the Trust.
The ETFs, HIPS, COMB, and XOUT, and funds are distributed by Foreside Fund Services, LLC. GraniteShares is not affiliated with Foreside Fund Services, LLC.