This year’s slump in gold prices is boosting the appeal of an exchange-traded fund that has been waging a fee war against its giant rivals.
GraniteShares Gold Trust, which trades under the ticker BAR, had struggled to gain investor attention, even with an expense ratio that’s just half that of SPDR Gold Shares, the largest ETF backed by the metal. BAR’s assets had mostly held below $15 million from the time it listed in August until last week, when it attracted about $145 million in a span of two days, said Will Rhind, the company’s chief executive officer.
