IShares COMEX Gold Trust

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The iShares COMEX Gold Trust is an exchange traded fund (ETF) traded on the COMEX division of NYMEX. It lets investors participate in the gold market through the securities market. The trust shares are intended to constitute an investment similar to an investment in gold. Each trust share represents a fractional undivided beneficial interest in the trust's net assets which consist primarily of gold held by a custodian on behalf of the trust. [1]

Barclays Global Investors, N.A., a subsidiary of Barclays Bank plc, is the trust sponsor. The Bank of New York is the trustee of the trust, and The Bank of Nova Scotia is the custodian of the trust. iShares is a trademark of Barclays Global Investors, N.A., and has been licensed for use by COMEX.

The trust shares are listed and traded on the American Stock Exchange, under the symbol IAU. Shares of the trust will reflect the price of gold less the trust's expenses and liabilities.


References

  1. iShares COMEX Gold Trust. NYMEX.