Perth Mint Physical Gold ETF (AAAU)

Discussion of the Gold portion of the Permanent Portfolio

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williswine
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Perth Mint Physical Gold ETF (AAAU)

Post by williswine » Wed Jun 20, 2018 7:16 pm

I stumbled upon information regarding the planned launch of a new ETF with symbol AAAU by the Perth Mint: https://www.nasdaq.com/markets/ipos/com ... 1518-86628. Expense ratio is yet to be defined but hopefully compares favorably to the 0.15% charged for Perth Mint Gold (PMG or PMGOLD) on the Australian Stock Exchange. This new ETF would be fully backed (no derivatives) and allow delivery of physical gold.
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ochotona
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by ochotona » Wed Jun 20, 2018 7:28 pm

That is very cool, thank you. I like that a lot. Interesting how their USA address is Oklahoma City... connection to APMEX?
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williswine
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by williswine » Wed Jun 20, 2018 7:34 pm

Not APMEX (that is one of their distributors for coins BTW) but another structure doing their marketing IIRC. It's all in the SEC filing.
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williswine
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by williswine » Thu Jun 21, 2018 3:02 pm

The SEC filing containing a preliminary prospectus (that may still change) is at https://www.nasdaq.com/markets/ipos/fil ... d=12695497 and was amended by https://www.nasdaq.com/markets/ipos/fil ... d=12779867 (lot to read there).

In it, you can see that Exchange Traded Concepts, LLC (based in Oklahoma City) is the Administrative Sponsor that organizes and sponsors the trust while Gold Corporation is the Custodian that sponsors the trust and stores the gold, and the Bank of New York Mellon is the Trustee that provides accounting and administrative services to the trust, holds the trust's cash (if any) and other assets.

All in all, this is promising and potentially more appealing than other ETFs but the expense ratio is yet to be announced.
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by pugchief » Thu Jun 21, 2018 3:47 pm

willis, do you know when it is supposed to begin trading?
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williswine
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by williswine » Thu Jun 21, 2018 4:01 pm

pugchief I do not know, and I also don't know how long the application will take to be processed but I believe this filing to be the last step before the IPO. It would take someone familiar with the SEC filing process and any subsequent steps to guesstimate this, and that's not me. Hopefully soon!
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by dualstow » Fri Jun 22, 2018 6:43 am

Interesting!
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by ppbob » Sat Jul 21, 2018 12:14 pm

I set a tickler for today. I did a search and it looks to me that it has not started trading. Oh well, set another tickler for next month.

Do the Aussies take the month of August off like the Euros? Wait, it is now the middle of winter there. So is January their August?? Those darned upsider-downers are really confusing. :)
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by ppbob » Sat Aug 18, 2018 12:10 pm

tickler came up again.

EDIT: looks like it is available for sale.

I am not an early adopter so I will wait some time before I buy.
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by LazyInvestor » Tue Aug 21, 2018 1:35 am

This seems to be US domiciled ETF. Do they have any equivalent ETF domiciled elsewhere?
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Re: Perth Mint Physical Gold ETF (AAAU)

Post by jhogue » Tue Aug 21, 2018 11:39 am

SGOL is an American-based gold ETF, but its gold is held in Switzerland. It is not ideal, but it does provide some measure of geographical diversification. The net expense ratio (0.39%) is a little higher than IAU or GLD, but it has been in operation for a number of years and has total assets of about US$ 1 billion. It might be an alternative to the Perth Mint ETF until it is up and running and has a proven track record.

There is also a Swiss-based gold ETF run by the Canton of Zurich Bank. Last I heard, however, they do not sell to American citizens. It might still be a good choice for a non-US resident looking for a gold ETF based outside the US.
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