ETFS Physical Swiss Gold Shares (SGOL) breaks $1bn in AUM

ETF Securities USA LLC announced that the total assets under management of its ETFS Physical Swiss Gold Shares (SGOL) passed the $1 billion mark as of Sept 29th, 2010.

The press release is quoted as saying:

The objective of the ETFS Gold Trust’s (SGOL) shares reflect the performance of the price of Gold, less the Trust’s expenses. The Trust is open ended and is designed for investors who want a cost-effective (1) and convenient (2) way to invest in gold as well as diversify their precious metal holdings. SGOL has an expense ratio of 0.39% (3) per annum.

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