05.06.2014 - Best ETFs: Commodity and Currency Funds
If you want to trade in and out of gold, the highly liquid SPDR Gold Shares (GLD) is the right choice. It sees $700 million of volume a day. If you want to hold for a while, the expense ratio matters more than trading volume, and iShares Gold Trust (IAU) is a better deal. The iShares product, though, changes hands at the rate of only $25 million a day. Our ten-year holding cost reflects both expenses and the bid/ask spread. (Securities lending, important in portfolios of small-company and foreign stocks, doesn’t play a role in commodity funds.) Only one currency portfolio qualifies for the cheap-ETF rankings (maximum expense ratio, 0.4%)...............................................Full Article: Source
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