(Kitco News) Gold’s long-term bull trend isn’t over even as the market faces difficult headwinds in the near-term, according to the market’s newest gold-backed exchange-traded product.
Wilshire Phoenix announced Thursday the debut of the Wilshire wShares Enhanced Gold Trust (NYSE Arca: WGLD). In a press release, the company said that its new ETF seeks to outperform a stand-alone investment in gold and reduce its volatility without the use of any futures, leverage, or derivatives.
The company added that its proprietary index utilizes an adaptive exposure approach to automatically rebalance physical gold and cash based on changing market conditions. This rebalancing allows for a passive investment vehicle to seek more robust performance and a decreased risk profile when compared to a stand-alone investment in physical gold.
“WGLD offers all investors immediate access to an entirely distinct strategy and structure in a transparent and efficient manner,” said Bill Herrmann, managing partner at Wilshire Phoenix, in a statement. “WGLD combines an institutional-like strategy with retail-level ease of access to offer a dynamic, first-of-its-kind ETF. Today marks a considerable milestone for Wilshire’s wShares as we plan to offer many more accessible products that combine institutional-like characteristics with our thoughtful approach.”