QTUM sports an expense ratio of 0.65%.
New Gold ETF Can Be Exchanged For Physical Gold
The Perth Mint Physical Gold ETF (AAAU) is billed as the first gold ETF/ETP that lets investors exchange their shares for physical gold. Investors who cash out of AAAU have the option to exchange their shares for delivery of physical gold in the form of bullion bars and coins from the Perth Mint, Australia’s largest precious metals refining, minting and depository business. The gold can be delivered to an approved location of the investor’s choice.
The AAAU fund, which trades on the NYSE Arca exchange, is backed by physical gold with a purity of at least 99.5% and is secured within the mint’s network of vaults. The underlying gold is guaranteed by the state government of Western Australia, which happens to be the owner of the Perth Mint. That’s why the fund is touted as the first of its kind in which the underlying physical gold is guaranteed by a sovereign entity.
The fund has an investor-friendly expense ratio of 0.18%.