FYI: In the ETF fee wars, the tickers may differ, but the story stays the same: Investors flock toward whichever fund on the market is cheapest, even if that ETF undercuts by a basis point or less—except, it seems, in the gold market.
Year-to-date, physical gold ETFs have brought in more than $1 billion in new net investment assets. But these flows have bucked precedent, in that the cheapest fund on the market isn’t the one raking in cash.
Regards,
Ted
https://www.etf.com/publications/etfr/gold-etf-fee-war-gets-complicated?nopaging=1
