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GTU vs PHYS discount
Posted: Sun Jan 19, 2014 1:52 am
by LazyInvestor
Why is GTU always trading at bigger discount to NAV as compared to PHYS?
GTU Mkt cap 848.38M
PHYS Mkt cap 1.96B
And GTU is older, so why is there more money going to PHYS?
Re: GTU vs PHYS discount
Posted: Mon Jan 20, 2014 6:07 am
by LazyInvestor
Maybe this clarifies the issues:
"The buzz the past few trading days has been the issuance of a new gold closed-end mutual fund with some unique features—redemption (not spiritual), or the ability to take delivery of 400 ounce gold bars, and potential tax advantages. Toronto based Sprott Asset Management raised $400M in an IPO February 26, 2010 of PHYS (Sprott Physical Gold Trust)."
http://seekingalpha.com/article/191745- ... -investors