Q: I am interested in buying ETFs for precious metals. I have read that it is important to ensure that the ETF company holds the metal physically and does not lend it.
I am surprised at the difference in MERs amongst popular funds. For example, for platinum, PPLT is very popular. Its MER however is 0.6% whilst the less popular iShares SPLT is 0.2%.
Do you see any reason why SPLT would be riskier? What words do I need to look for to ensure that the ETF physically holds the metal and does not lend it out?
Thank you for this excellent advice.
I am surprised at the difference in MERs amongst popular funds. For example, for platinum, PPLT is very popular. Its MER however is 0.6% whilst the less popular iShares SPLT is 0.2%.
Do you see any reason why SPLT would be riskier? What words do I need to look for to ensure that the ETF physically holds the metal and does not lend it out?
Thank you for this excellent advice.