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ETF Of The Week: 'Mini Gold' Matters: (GLDM)

TedTed
in The Bullpen
FYI: s recession fears swell and investors seek to mitigate their downside risk, flows are pouring into physical gold ETFs.

Year to date, the world's largest gold fund, the $44 billion SPDR Gold Trust (GLD), has brought in $6.4 billion in new net investment assets, while the second largest, the $16 billion iShares Gold trust (IAU), has brought in just under $3.0 billion.

But investment dollars are pouring into the smaller physical gold ETFs as well. Notably, the SPDR Gold MiniShares Trust (GLDM) crossed the $1 billion mark just a few weeks ago, on Sept. 18, fifteen months after launching.
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-week-mini-gold-matters

M* Snapshot GLDM:
https://www.morningstar.com/etfs/arcx/gldm/quote
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