August 17, 2009 / 12:58 PM / 10 years ago

Julius Baer gold ETF holdings rise 2 pct

LONDON, Aug 17 (Reuters) - Holdings of Julius Baer’s BAER.VX gold-backed exchange-traded fund rose 39,200 ounces or 2 percent on Friday, the bank said in its weekly statement.

The amount of gold the fund holds to back its exchange traded securities had climbed to a record 1.889 million ounces by Aug 14, from 1.849 million ounces on Thursday, it said.

ETFs issue securities backed by physical stocks of a given commodity, giving investors exposure to the underlying asset price without having to buy and store it themselves.

Reporting by Jan Harvey; Editing by Peter Blackburn

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below