GraniteShares Gold Trust (BAR) Hits $500 Million in Assets Amid Recent Market Volatility
NEW YORK--(BUSINESS WIRE)--May 17, 2019--
The GraniteShares Gold Trust (NYSE Arca: BAR), one of the lowest-cost* gold ETFs on the market, has surpassed $500 million in assets under management (AUM) on the heels of recent market uncertainty. BAR debuted in August 2017 as a cost-effective vehicle to invest in physical gold and trades at an expense ratio of just 17.49 basis points.
Since inception, BAR has continued to gain momentum as more investors recognize the benefits of diversifying their portfolios with gold. BAR’s low-cost and convenient ETF structure make it an attractive choice for investors seeking a non-correlated asset to hedge against recent stock market volatility.
“We’re delighted to see investors embrace our low-cost gold offering in today’s volatile market,” said Will Rhind, Founder and CEO of GraniteShares. “From the beginning, our mission at GraniteShares has been to provide unique solutions for common pain points experienced by all investors. BAR’s swift accumulation of assets is a testament that our approach of bringing disruptive products to market with better structures and lower fees is resonating with the ETF investing community.”
BAR is part of GraniteShares’ growing ETF suite. The firm also offers two broad-based commodity ETFs ( COMB and COMG ), the lowest-cost** physical platinum ETF ( PLTM ) and a high alternative income-focused fund that invests in pass-through securities ( HIPS ).
For more information on BAR or other funds on the GraniteShares ETF platform, please visit www.graniteshares.com or call 844-476-8747.
GraniteShares is an independent, fully funded ETF company headquartered in New York City. The firm seeks to launch disruptive ETFs. GraniteShares focuses on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. William Rhind, Founder and CEO, is an established ETF entrepreneur with more than 18 years of experience in the industry.
* ETF.com, May 2019
** ETF.com, May 2019
Please Note: Other trading fees, expenses and commissions may apply which would affect performance.
Important Information and Risks
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum Trust (PLTM), collectively “the Trusts”, must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing or sending money. To obtain a prospectus visit the links:
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com . Read the prospectus or summary prospectus carefully before investing.
There are no guarantees that any of the funds’ investment objectives and strategies will be achieved. Investment income is never guaranteed. Investing involves risk, including possible loss of principal.
Commodities and futures are speculative, highly volatile and may not be suitable for all investors. You could lose money by investing in the funds and the Trusts. Investments such as BAR that focus on a single commodity generally experience greater volatility.
Shares of the Trusts are not insured by the Federal Deposit Insurance Corporation (“FDIC”), may lose value and have no bank guarantee.
The Trusts are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
The Trusts are not a commodity pool for purposes of the Commodity Exchange Act of 1936, as amended. The Trusts are recently formed and has a limited history of operations. There can be no assurances that its objective will be met.
Basis point: 100 basis points (bps) = 1%
The Sponsor of the Trust is GraniteShares LLC.
Foreside Fund Services, LLC, provides marketing services to the Trust.
THE ETFs, HIPS, COMG AND COMB, AND FUNDS ARE DISTRIBUTED BY FORESIDE FUND SERVICES, LLC. GRANITESHARES IS NOT AFFILIATED WITH FORESIDE FUND SERVICES, LLC.
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CONTACT: Media Contact
Gregory FCA for GraniteShares
Rachelle Gaynor | 610-228-2119
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: NATURAL RESOURCES MINING/MINERALS PROFESSIONAL SERVICES BANKING FINANCE
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PUB: 05/17/2019 09:00 AM/DISC: 05/17/2019 09:01 AM