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