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| History | |||||||||||||||
| 2>
In November of 2004, the fund (under the name streetTRACKS Gold Shares) was listed on the New York Stock Exchange by State Street Global Advisors with World Gold Council sponsorship.[4] Since 13th December 2007 and following a name change on 20th May 2008, SPDR Gold Shares has traded on NYSE Arca (NYSE: GLD). It also trades on the Singapore Stock Exchange (SGX:GLD 10US$), the Tokyo Stock Exchange (TYO: 1326) and the Stock Exchange of Hong Kong (SEHK: 2840).[2]
[edit] Tags:Spdr,Exchange-traded Funds,State Street Global Advisors,Gold Exchange-traded Product,Market Capitalization,Gold,Largest Holders Of Gold In The World,France,China,World Gold Council,Sgx,Gold Bars,Hsbc Bank Usa,Prospectus,Conflict Of Interest,Jpmorgan Chase,Short,Positions,Mortgage-backed Securities,Collateralized Debt Obligations,Etf Securities,Gold As An Investment,Categories,Gold Investments, | |||||||||||||||
| Management | 2>
The Trust’s allocated gold bullion is kept in the form of London Good Delivery gold bars (400 oz.) and held by the Custodian, HSBC Bank USA, in its London vault or in the vaults of sub-custodians.[5] The ETF pays an annual expense charge of 0.40% per annum.[5] The ETF has been criticized by Catherine Austin Fitts and Carolyn Betts for its extremely complex structure and prospectus, possible conflict of interest in its relationships with HSBC and JPMorgan Chase which are believed to have large short positions in gold, and overall lack of transparency.[6] Some critics compare the ETF with mortgage-backed securities and collateralized debt obligations.[6] These problems with SPDR Gold Trust are not necessarily unique to the fund, however; as the dominant gold ETF, the fund has received the most extensive analysis.
[edit] | Tags: References | 2>
^ "Largest ETFs: Top 25 ETFs By Market Cap". ETFdb. http://etfdb.com/compare/market-cap/. Retrieved 2010-11-03.
^ a b "Bringing the Gold Market to Investors". World Gold Trust Services, LLC. http://www.spdrgoldshares.com/. Retrieved 2010-10-30.
^ Johnston, Michael. "GDX vs. GDXJ: A Better Way To Play Gold?". Carolean Capital Partners LLC.. http://etfdb.com/2010/gdx-vs-gdxj-a-better-way-to-play-gold/. Retrieved 2010-10-30.
^ "Exchange Traded Gold: A World Gold Council Initiative". Exchange Traded Gold Limited. http://www.exchangetradedgold.com/index.php. Retrieved 2010-11-03.
^ a b "Key information". World Gold Trust Services, LLC. http://www.spdrgoldshares.com/media/GLD/file/GLD_Key_Info.pdf. Retrieved 2010-10-30.
^ a b Catherine Austin Fitts, Carolyn Betts, "GLD and SLV: Disclosure in the Precious Metals Puzzle Palace", Solari, http://solari.com/articles/Precious_Metals_Puzzle_Palace/
[edit] | Tags: External links | 2>
Official website
Retrieved from "http://en.wikipedia.org/w/index.php?title=SPDR_Gold_Shares&oldid=468582790"
Categories: Exchange-traded fundsGold investmentsWarrants issued in Hong Kong Stock ExchangeHidden categories: Year of establishment missing
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| Tags: Spdr,Exchange-traded Funds,Websites related to: Gold Price |