WisdomTree unveils low-cost gold ETP amid expectations of future demand

Management charge 0.15%

WisdomTree has listed a low-cost physically-backed gold exchange traded product (ETP) on the London Stock Exchange as demand for gold is expected to continue increasing.

The new ETP, WisdomTree Core Physical Gold ETP (WGLD), has a management expense ratio of 0.15% and is designed to track the gold spot price. It is backed by 100% physically allocated gold bars stored in secure London vaults by the custodian on behalf of WisdomTree. According to the provider, the ETP will aim to allocate to responsibly sourced gold bullion to promote high ethical standards for the ETP. Going for gold: An opportunity for 'intelligent speculation' Alexis Marinof, head of WisdomTree Europe, said: "WGLD complements our extensive range of gold ETPs, including the mos...