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Top related persons:
George Milling - 1 Stanley - 1 CNBC's - 1 they're - 1 GLDM - 1 — - 1 Todd Rosenbluth - 1 CNBC's Seema Mody - 1
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MiniShares - 2 State Street Global Advisors - 1 Milling - 1 Trust - 1 Strategy - 1

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4 mentions found


☆ Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
  + stars: | 2024-04-11 | by ( Josephine Rozzelle | ) www.cnbc.com   time to read: +1 min
Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That's according to George Milling-Stanley, one of the world's experts in gold and the chief gold strategist at State Street Global Advisors. "One of the reasons I own gold bar(s) is that I believe it offers me some protection against potential weakness in the equity market," Milling-Stanley told CNBC's "ETF Edge" this week. "When the equity market goes down, gold mining stocks remember that they're equities, and they tend to go down with the general level of the equity market. Milling-Stanley's firm runs two exchange-traded funds that track the performance of the spot price of gold: the SPDR Gold Shares ETF (GLD) and SPDR Gold MiniShares Trust (GLDM).
Persons: George Milling, Stanley, CNBC's, they're, GLDM, — Organizations: State Street Global Advisors, MiniShares, Milling
☆ 'The story is all about gold.' ETF experts on commodity-based strategies
  + stars: | 2023-05-24 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +2 min
Rosenbluth said that engagement for precious metal commodity ETFs spiked earlier in May compared with the month prior, according to VettaFi data. "The story is all about gold," Will Rhind, founder and CEO of GraniteShares, said Monday in the same segment. The ongoing banking crisis still looms, higher inflation and a declining dollar are also tail winds for the precious metal, he said. Flows into the SPDR Gold Shares have exceeded $1.14 billion the past month, according to FactSet. The iShares Gold Trust (IAU) and the SPDR Gold MiniShares Trust (GLDM) saw net inflows of $182 million and $222 million, respectfully, in the same period of time.
Persons: Todd Rosenbluth, CNBC's Seema Mody, Rosenbluth, Will Rhind, Rhind, We're, Neuberger Berman Organizations: Trust, MiniShares, Strategy
☆ Bank of America makes big bull call on gold, says this is the perfect time to own bullion ETFs
  + stars: | 2023-04-26 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
The stage is set for gold to shine as the bullion makes an ideal hedge for stubborn inflation, according to Bank of America. "That rare thing, an uncorrelated anti-stagflation hedge," Jared Woodard, the firm's investment and exchange-traded funds strategist, said of gold. Bank of America said the precious metal has become particularly appealing as the opportunity cost of financial assets dips. Here are the five bullion ETFs that Bank of America is highlighting: iShares Gold Trust Micro (IAUM) SPDR Gold MiniShares Trust (GLDM) abrdn Gold Shares ETF (SGOL) iShares Gold Trust (IAU) SPDR Gold Shares (GLD) Out of these funds, Bank of America's top-rated ones are GLDM and IAUM. The strategist said these newer "mini" funds have lower expenses than their peers, but they have the same fundamentals backed by physically held gold bullion.
☆ Gold and mining ETFs are surging as the precious metal flirts with a record high
  + stars: | 2023-04-07 | by ( Jesse Pound | ) www.cnbc.com   time to read: +2 min
Over the past month, the SPDR Gold Shares ETF (GLD) has pulled in more than $1 billion of new money, according to FactSet. The iShares Gold Trust (IAU) , SPDR Gold MiniShares Trust (GLDM) , Abrdn Physical Gold Shares ETF (SGOL) and Goldman Sachs Physical Gold ETF (AAAU) have pulled in more than $400 million combined. Funds comprised of gold mining stocks have also been popular, with the VanEck Gold Miners ETF (GDX) pulling in about $200 million. GDX YTD mountain Gold mining ETFs are rallying in 2023. The gold mining funds from Sprott ( SGDM ) and iShares ( RING ) have seen similarly strong performance.
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