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GraniteShares

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BAR Reclaims Title of Lowest-Cost Gold ETF as GraniteShares Surges Past $350 Million in AUM

Posted:
Topic: Commodities
Publication Type: Viewpoints

Firm celebrates impressive AUM milestone while its gold ETF reemerges as the most affordable investment option in the space, joining GraniteShares’ COMB, COMG and PLTM as low-cost leaders.

NEW YORK — GraniteShares, an innovative exchange-traded fund (ETF) company that recently celebrated its one-year anniversary, surged past $350 million in assets under management (AUM)* as the GraniteShares Gold Trust (NYSE Arca: BAR) reemerged as the lowest-cost gold ETF.

BAR heralded its arrival last year with a trailblazing expense ratio of 20 basis points. GraniteShares has since reduced its fee even further to 17.49 basis points, making BAR the lowest-cost gold ETF** on the market (as of Oct. 4, 2018).

“From the outset, our mission at GraniteShares has been to offer innovative approaches for common pain points experienced by investors – primarily cost,” said Will Rhind, CEO of GraniteShares. “That commitment to offering best-in-class investments was the driving motive behind BAR’s fee reduction, and is reflected throughout our entire ETF suite.”

GraniteShares launched at the end of May 2017 to strong investor interest in its two flagship broad-based commodities ETFs COMB and COMG, both of which are low-cost leaders in their categories. The firm then debuted BAR to great fanfare in August 2017, and has since released the lowest-cost physical platinum ETF (PLTM)*** and a high alternative income-focused ETF that invests in pass-through securities (HIPS). These five offerings now collectively total $350 million in AUM, with BAR leading the way at approximately $280 million.

“The swift accumulation of assets to our platform is a testament to our approach of bringing disruptive strategies to market with better structures and lower management fees,” said Rhind. “We believe inflation fears coupled with the overheated equity market are creating the perfect storm for commodity investing, and we’d expect this increased demand to continue long into the future.”

For more information on the GraniteShares ETF suite, please visit www.graniteshares.com or call 844-476-8747.

*GraniteShares total AUM crossed $350 million on Oct. 3, 2018.

**Bloomberg, Oct. 2018
***PLTM lowest-cost platinum ETF by ETF.com, June 2018. Total expense ratio is 50 basis points or 0.50%, per the prospectus dated January 17, 2018.

About GraniteShares

GraniteShares is an independent, fully funded ETF company headquartered in New York City. The firm seeks to launch disruptive ETFs. GraniteShares’ focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 17 years of experience in the industry.

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