Sprott Launches New “Canada Gold ETF” (PHYS)

Toronto-based Sprott Asset Management, a newcomer to the U.S. ETF industry, became the latest issuer to introduce a physically-backed gold ETF last week, debuting the Sprott Physical Gold Trust (PHYS) on Friday. The new fund “was created to invest and hold substantially all of its assets in physical gold bullion” and will compete directly with [...] Related Stories: Why You Need A Swiss Gold ETF BMO Launches New Canada, U.S. ETFs The Definitive Gold ETF Guide: Gold Bullion ETFs 101