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Bailey McCann, Opalesque New York:

The World Gold Council and State Street Global Advisors are adding to their family of gold ETFs. SPDR Gold MiniShares Trust (Symbol: GLDM) offers the lowest available total expense ratio among all gold exchange-traded products and is one-tenth the price of GLD, the World Gold Council's flagship gold fund.

With the launch of GLDM, the World Gold Council and State Street Global Advisors have added a third product to their range of gold ETFs, all of which are backed by physical gold. The funds hold physical gold bullion as collateral for the funds.

In November 2004, the World Gold Council and State Street Global Advisors launched SPDR® Gold Shares (GLD®), the first US-traded gold ETF and the first US-listed ETF backed by a physical asset.

As Opalesque previously reported, last year, the World Gold Council and State Street launched their second gold ETF - Long Dollar Gold Trust (GLDW), the first US-listed gold ETF that goes long both gold and the US dollar.

In an interview on GLDM, Greg Collett, Director of Investment Products at the World Gold Council told Oplaesque that the latest ETF is designed for investors that want to buy and hold gold. "We think GLDM can serve as a core holding for investors that want exposure to physical gold. It can be used as a standalone or alongside GLD, which is typically a short......................

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