SGOL, ETFS Physical Gold Shares
SGOL is the newest gold ETF and was launched in September 2009. The fund has $955 million in assets and 752,017 ounces with an expense ratio of 0.39%. Although the ETF is small, year-to-date it has grown 146% in terms of ounces. There is unallocated gold but according to the prospectus not enough to make up a whole bar of gold.
The trustee is Bank of New York Mellon, the custodian is JPMorgan and the gold is held in Zurich, Switzerland. The Zurich sub-custodian is UBS. The last audit was by Inspectorate International in December 2009 . The 757 gold bars examined, at that point, were of 99.50% to 99.99% purity. The inspection was at the sub-custodian's vault and there were no anomalies found.
In the second quarter, Goldman Sachs (GS) bought 102,195 shares of the SGOL, making it the second largest investor behind JPMorgan, which holds 398,153 shares. Morgan Stanley (MS) comes in third with 85,093 shares.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV