The unprecedented demand for gold ETFs could entice other issuers into the space, Geraci reckons. There are just 13 gold exchange-traded products listed in the U.S., with industry heavyweights such as Vanguard noticeably absent.
“I’m still surprised Vanguard hasn’t moved into physical gold ETF space,” Geraci said. “It seems ripe for another big player.”
[More: ETF market continues searching for the perfect expense ratio]
The post State Street gold ETF is cash machine appeared first on InvestmentNews.
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