The Golden Touch - Gold ETPs Turn 10 Years Old Updated: 3/28/2013
Today, March 28, 2013, is the 10th anniversary of the 1st ever Gold ETP. Since the first one debuted in 2003, Gold prices have risen 376% - an outstanding mark compared to the performance of most equities over the same period.
There are now over 50 physically backed gold ETPs in existence that trade around $2 billion per day on global exchanges. Gold ETPs have opened up the investing world in many ways: allowing investors to “own” physical gold without spreads and entry/exit charges, bringing commodity and equity markets together, and establishing uncorrelated returns.
Recently Gold ETPs have been experiencing record outflows, which has brought to market many short and leveraged Gold ETPs to help leverage the volatility. Two of these are the Boost Gold 3x Leverage Daily ETP (3GOL) and the Boost Gold 3x Short Daily ETP (3GOS), both of which track to the NASDAQ Commodity Gold Index (NQCIGCER).
Visit the NASDAQ Commodities Gold Index page or the Boost ETP page to learn more.
Source: Boost ETP
Neither the NASDAQ OMX Group, Inc nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendations to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.