BlackRock will have its work cut out for it, however, since its Comex Gold fund has $3.3 billion under management, whereas the iShares fund, the second-biggest ETF surpassed only by the iShares SPDR, has $50.6 billion under management.
Nonetheless,
Money Management Executive's Monday, July 12, 2010 edition will have a cover story on the vicissitudes of investing in gold ETFs. Look for "Investors Get Gold Bug Just as Volatility Looms").
So far this year, the gold category is up 9%, whereas the S&P 500 Index is down 4.32%.