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BlackRock unveils gold ETF
Investment manager BlackRock Australia has expanded its offering of exchange-traded funds (ETF) with the launch of a new commodity ETF, offering investors affordable exposure to physical gold as a portfolio diversification tool and a potential hedge against inflation. The iShares Physical Gold ETF (GLDN) is priced at 18 basis points and is backed by gold bullion securely held in vaults by BlackRock, with its price following the London Bullion Market Association (LBMA) gold rate. BlackRock Australasia iShares ETF and index investments specialist Tamara Stats noted interest in the commodity among investors had grown ... (full story)