GOLD 0.51% $1,391.7 gold futures

gold.asx etf, page-2

  1. 1,163 Posts.
    The GOLD ETF has a management fee of, I believe, 0.4% per annum. The mechanism for payment of this fee is by the reduction of entitlement to the amount of gold per unit ie. the units started off life as 1/10 of an ounce and are now equal to about 0.097 of an ounce hence a discount of approx 3% to spot. See entitlement schedule in asx announcement:

    http://www.asx.com.au/asxpdf/20110303/pdf/41x6cwbbx6lfvg.pdf
 
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