streetTRACKS® Gold Shares represents a fractional, undivided beneficial ownership interest in a trust, the primary asset of which is allocated gold. By not requiring investors to take physical delivery of gold, the Gold Shares allow easier access to the gold bullion market at lower costs. The investment objective of the streetTRACKS® Gold Shares is to reflect the performance of the price of gold bullion, less the Trust’s expenses.
This ETF’s primary listing in on the New York Stock Exchange. Units held on both NYSE and SGX are fully fungible.
SSGA delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With US$1.5 trillion in investment programs and portfolios (as of Jun 31, 2006), SSGA has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 26 cities worldwide.
World Gold Trust Services LLC is wholly-owned by the World Gold Council (WGC). WGC is an international organization funded by the world’s leading gold mining companies and aims to promote the demand for gold in all its forms through marketing activities in major international markets.
The gold that underlies streetTRACKS® Gold Shares is held in the form of allocated 400 oz London Good Delivery bars in the London vault of HSBC Bank USA, or in the vaults of sub-custodians.
The spot price for gold is determined by market forces in the 24-hour global over-the-counter (OTC) market for gold. The London Fix, which is the most widely used benchmark for daily gold price, has two fixings (10.30 AM London time/3.00 PM London time) a day. It is set by five members of the London Bullion Market Association and is based upon actual buy and sell orders in the global OTC market.
The spot price of gold can be found on: http://www.thebulliondesk.com
For interactive charting, please click here.
