MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, November 12, 2004 Gold-Based ETF Will Trade Before 2005 The World Gold Council and State Street Global Advisors (SSgA) are readying to launch gold-based exchange-traded fund streetTRACKS Gold Trust, reports the Financial Times. The World Gold Council is sponsoring the fund and SSgA will market and distribute the fund. The fund is expected to list on the New York Stock Exchange by the end of the year. Reuters reported that the fund will begin trading as early as next week. UBS sold its two streetTRACKS ETFs to SSgA in July. Barclays Global Investors filed an application for a gold-based ETF called the iShares Comex Gold Trust earlier this year. BGI's fund will track gold futures traded on the Comex division of the New York Mercantile Exchange. Printed from: MFWire.com/story.asp?s=8437 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |