The ETFs share price slipped 0.1%, but the modest decline failed to dampen investors enthusiasm for the first low-cost fund offering access to diversified gold holdings. Increments of 100,000 shares of the fund, which are priced at 10% of the price for an ounce of troy gold, can be redeemed into gold bullion.
With gold prices expected to reach $450 by the end of the year, experts predict strong inflows for the fund during the remainder of the year.
One analysts predicted both investments to accrue nearly $2 billion of assets within the next several months.
