ETF Securities has added another physical gold ETF to its line-up of precious metal exchange traded funds.
The ETFS Physical Asian Gold Shares (AGOL) is the first gold ETF to vault physical gold in Asia. Specifically, the fund will custody all of its physical gold bars in London Bullion Market Association (LBMA) approved vaults in Singapore.
The objective of AGOL is to reflect the price performance of physical gold, less Trust expenses. AGOL has an expense ratio of 0.39%.