GraniteShares Gold Trust (BAR) passes USD1bn in AUM
The GraniteShares Gold Trust (NYSE Arca: BAR), one of the lowest-cost, physically-backed gold ETFs on the market, has passed USD1 billion in assets under management (AUM) as investors flock to safe-haven assets amid continued market uncertainty.
BAR launched in August 2017 and charges a sponsor fee of just 17.49 basis points.
Since inception, BAR has experienced robust growth — nearly doubling in size in the last 12 months on the back of geopolitical tensions, the COVID-19 pandemic and subsequent global economic stimulus measures.
“Not only has gold gained USD250/oz. in 2020, but the asset rallied USD1,475/oz thus far into the 21st century,” says Will Rhind, Founder and CEO of GraniteShares. “Especially now, investors are increasingly attracted to gold’s ability to hedge against inflation, diversify their portfolio and deliver potentially positive returns during stock market downturns. We are pleased to offer investors a low-cost, efficient and secure solution to physical gold exposure through BAR.”