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Fee Wars Shake Up Gold ETFs: (BAR)

TedTed
in The Bullpen
FYI: Investors have taken a shine to the GraniteShares Gold Trust (BAR).

On Friday, BAR picked up $130 million in new net inflows, then $13 million on Monday, according to data from the issuer. That puts BAR's total assets under management at $157 million—a massive jump for a fund with only $13 million in assets, as of this time last week.

Meanwhile, the SPDR Gold Trust (GLD), the world's largest bullion-backed gold ETF, saw outflows of $445 million on Friday, suggesting that at least some of BAR's new money came from investors who'd previously held GLD.
Regards,
Ted
http://www.etf.com/sections/features-and-news/fee-wars-shake-gold-etfs?nopaging=1

M* Snapshot BAR:
http://www.morningstar.com/etfs/arcx/bar/quote.html
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