ETF Focus: Gold ETF continues to shine as assets near $2B - Financial - Financial Services - Commodities - Mutual Funds:
"In just the first eight trading days of the new year, the StreetTracks Gold Trust (GLD: news, chart, profile) added 47 tonnes to its gold holdings, or about half of the gold accumulated by the ETF between its launch and the end of 2004, according to a research note released Thursday by Mitsui Global Precious Metals analyst Andy Smith.
In other words, so far in 2005 the gold ETF has added three times last year's total sales of U.S. Eagle gold coins, or more than 1,500 tons on an annualized basis.
Through Thursday, the gold ETF had about 142.7 tonnes of the precious metal and a net asset value of more than $1.9 billion and 45.9 million shares outstanding, according to the StreetTracks Gold Shares Web site."
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