BNY Mellon to Provide ETF Services for GraniteShares
September 7, 2017

BNY Mellon has been selected by GraniteShares to provide exchange-traded fund (ETF) services, custody, fund accounting and fund administration for the GraniteShares Gold Trust. The fund began trading on August 31 and currently maintains the lowest expense ratio of all gold ETFs in the marketplace at 20 basis points (according to ETF.com, August, 2017). 

GraniteShares is an independent, fully funded ETF company headquartered in New York City. The GraniteShares Gold Trust provides investors with a low-cost opportunity to own physical solid gold bars that will be stored in London-based vaults owned by ICBC Standard Bank. BAR is the third fund in the GraniteShares product suite focused on providing cost-effective ways for market participants to invest in commodities.

Said Jeff McCarthy, Chief Executive Officer of Exchange Traded Funds for BNY Mellon's Global Structured Products and Alternative Investment Services business: "BNY Mellon has a strong track record of supporting ETF issuers and this latest collaboration reinforces our commitment to helping them and their products grow."





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BNY Mellon has been selected by GraniteShares to provide exchange-traded fund (ETF) services, custody, fund accounting and fund administration for the GraniteShares Gold Trust. The fund began trading on August 31 and currently maintains the lowest expense ratio of all gold ETFs in the marketplace at 20 basis points (according to ETF.com, August, 2017). 

GraniteShares is an independent, fully funded ETF company headquartered in New York City. The GraniteShares Gold Trust provides investors with a low-cost opportunity to own physical solid gold bars that will be stored in London-based vaults owned by ICBC Standard Bank. BAR is the third fund in the GraniteShares product suite focused on providing cost-effective ways for market participants to invest in commodities.

Said Jeff McCarthy, Chief Executive Officer of Exchange Traded Funds for BNY Mellon's Global Structured Products and Alternative Investment Services business: "BNY Mellon has a strong track record of supporting ETF issuers and this latest collaboration reinforces our commitment to helping them and their products grow."



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