GraniteShares surpasses USD1bn in AUM
ETF company GraniteShares has accumulated over USD1 billion in assets under management (AUM) in just three years.
Founded by experienced ETF entrepreneur Will Rhind, the firm launched its inaugural funds on 22 May, 2017, and has since expanded its ETF suite to include five total investment strategies: The GraniteShares Gold Trust (BAR); The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB); The GraniteShares Platinum Trust (PLTM); The GraniteShares HIPS US High Income ETF (HIPS); and The GraniteShares XOUT U.S. Large Cap ETF (XOUT).
GraniteShares’ recent growth has been fueled by its flagship gold ETF, BAR, which has swelled to over USD917 million in AUM as investors seek safe-haven assets amid coronavirus-inflicted market volatility.
“During these challenging economic times, we are fortunate to be able to offer ETF strategies that are timely and relevant for investors,” says Rhind, CEO of GraniteShares. “As we enter our fourth operating year, we remain committed to the firm’s founding tenets of offering unique or differentiated investment strategies with lower costs.”
GraniteShares has received multiple industry accolades since the firm’s inception, including ETF.com’s New ETF Issuer of the Year Award in 2018 as well as ETF.com’s Best New Smart Beta ETF Award this year. In 2019, the firm expanded its operations overseas with the opening of a London office.
GraniteShares’ UK offering opened an exciting new category for the ETF industry by launching the first leveraged single stock platform, offering 22 ETPs with 3x leverage (long and short) to large-cap UK companies.
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