JPMorgan Chase and HSBC take custodial roles for major gold ETFs
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
JPMorgan Chase and HSBC have taken on custodial roles for the SPDR Gold Shares and SPDR Gold MiniShares Trust ETFs. JPMorgan Chase was confirmed as the sole custodian for the SPDR Gold MiniShares Trust. In the same period, the SPDR Gold MiniShares Trust attracted $499.8 million in net inflows, compared to $181.5 million for the SPDR Gold Shares, driven by the MiniShares Trust's lower fee structure.
From aol.com, 247wallst.com
Why it matters
The shift in investor preference toward the SPDR Gold MiniShares Trust is attributed to its lower cost, which charges 0.10% compared to the 0.40% fee of the SPDR Gold Shares. This trend highlights investor sensitivity to expense ratios when seeking gold exposure through ETFs.
From aol.com, 247wallst.com
Who's involved
- JPMorgan ChaseConfirmed as the sole custodian for the SPDR Gold MiniShares Trust.
- HSBCAssumed a custodial role for the SPDR Gold Shares and SPDR Gold MiniShares Trust.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JPMorgan ChaseSpeculative
JPMorgan Chase could see increased custodial revenue due to the significant net inflows into the SPDR Gold MiniShares Trust.
- HSBCSpeculative
HSBC might experience a reduction in custody fee revenue for the SPDR Gold Shares as capital shifts to the lower-cost SPDR Gold MiniShares Trust.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.How it developed
Newest first. Tap a step to see who reported it.JPM and HSBC are now custodians for SPDR Gold Shares and MiniShares Trust.1 source
JPMorgan Chase is confirmed as the sole custodian for SPDR Gold MiniShares Trust.1 source
Keep exploring
The entities involved
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JPMorgan Chase
American multinational banking and financial services holding company
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HSBC
British multinational bank
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