State Street Global Advisors (SSGA) has launched SPDR Gold MiniShares in Japan.
The SPDR Gold MiniShares ETF offers investors one of the lowest available total expense ratios for a physically-backed gold ETF with a net expense ratio of 0.18%.
As such, Gold MiniSharesmay be beneficial to investors looking for a liquid, transparent and secure way to access long-term exposure to gold and benefit from its diversification properties.
SSGA and the World Gold Council initially launched the SPDR Gold MiniShares in the US in June 2018. The low-cost gold ETF was introduced in the US at a per-share NAV of 1/100th of an ounce of gold, as represented by the LBMA Gold Price PM (USD).
Gold MiniShares is part of a gold-backed ETF suite which includes SPDR Gold Shares (GLD), the first US-traded gold ETF and the first US-listed ETF backed by a physical asset. GLD attracted more than $1bn in assets in its first three trading days and has since remained the largest gold ETF in the market with nearly $45bn in total net assets. GLD is cross-listed on the Tokyo Stock Exchange.
With the addition of the SPDR Gold MiniShares, SSGA now offer a total of 52 offshore ETFs in Japan.