Skip to main content

PHYS is Not an ETF

I previously wrote an article entitled PHYS: Now You Can Store Your Gold in Canada .   After discussions with Michael Traynor of the National Stock Exchange, I agree with their conclusion that PHYS is not an ETF. In some ways, PHYS is similar to other physically-backed gold products such as SPDR Gold Shares (GLD), iShares COMEX Gold Trust (IAU), and ETFS Physical Swiss Gold Shares (SGOL).  However, it lacks one vital feature – the daily creation/redemption process.  As I have said many times, this is the one feature that sets apart ETFs from other products. A closer…
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.