The Markets January 14, 2011

ETF Securities Unveils Gold Offering

ETFS Physical Asian Gold Shares began listing on the NYSE Arca on Friday, trading under the ticker AGOL, ETF Securities announced.

 

Reported by

A news release said AGOL is the first U.S. precious metals product to be vaulted in Asia and will be held in Singapore.

According to the announcement, the highlights of the new offering are: 

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  • ETFS Physical Asian Gold Shares (AGOL) will custody all of its physical gold bars in secure LBMA approved vaults in Singapore.
  • ETFS Physical Asian Gold Shares (AGOL) are backed by London Bullion Market Association (LBMA) gold bars that meet “good delivery” standards.
  • Investors can diversify their gold holdings either into Asia using AGOL or Switzerland using the existing SGOL.  Both ETPs are offered at 0.39% per annum. 
  • Gold bars underlying AGOL will be audited bi-annually by an independent third party auditor.  All gold bar numbers will be published daily at www.etfsecurities.com.

ETF Securities now offers seven precious metal ETPs with a variety of single and basket precious metal ETPs. 

The objective of the ETFS Physical Asian Gold Shares (AGOL) is to reflect the price performance of physical gold, less trust expenses. The trust is open-ended and is designed for investors who want a cost-effective and convenient way to invest in or diversify their existing gold holdings.

ETFS Physical Asian Gold Shares represent a direct interest in physical gold bullion held in vaults located in Singapore by the Custodian (JP Morgan Chase Bank). 

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