Jamel ToppinThe first two products were diversified commodity pools: Bloomberg Commodity Broad Strategy No K-1 and S&P GSCI Commodity Broad Strategy No K-1. The SPDR fund charges investors 0.4% a year, or $480 for someone seeking the equivalent of 100 ounces of gold. Still, SPDR Gold, a joint venture of State Street and the mining industry, isn't about to let an upstart siphon away all the price-sensitive customers. His fund, like the older SPDR fund, has shares pegged to the value of a tenth of a troy ounce of the metal. For an overnight speculation, the high liquidity of SPDR Gold makes it the cost winner.

Source: Forbes August 30, 2018 13:52 UTC