Perth Mint Physical Gold ETF (NYSE Arca: AAAU) Debuts as First ETF with Sovereign-Backed Gold

The Perth Mint, Australia’s largest precious metals refining, minting and depository enterprise, today announced the launch of the Perth Mint Physical Gold ETF (NYSE: Arca: AAAU) on the New York Stock Exchange (NYSE). AAAU is the first gold exchange-traded fund (ETF) that is backed by pure gold, where that physical gold is guaranteed by a sovereign entity and offers shares that can be exchanged for physical gold. The Bank of New York Mellon (BNYM) has been appointed as the fund’s trustee and Exchange Traded Concepts as its administrative sponsor. AAAU shares are backed by physical gold with a purity of at least 99.5 percent and secured within The Perth Mint’s network of central bank grade vaults in Western Australia.