Barclays Global Investors, N.A. Files for iShares COMEX Gold Trust.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Feb. 9, 2004 Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. , N.A. (BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International ) has filed a Form S-1 Registration Statement for the iShares COMEX COMEX A division of the New York Mercantile Exchange (NYMEX). Formerly known as the Commodity Exchange, COMEX is the leading US market for metals futures and options trading. COMEX See New York Mercantile Exchange (NYM). Gold Trust with the U.S. Securities and Exchange Commission. The Trust is intended to provide investors with a simple and cost-effective means of making an investment similar to an investment in gold. The objective of the Trust is for its shares to reflect, at any given time, the price of the gold owned by the Trust at that time less the Trust's expenses and liabilities. Once available to investors, shares of the Trust can be purchased and sold throughout the U.S. market trading day. The Net Asset Value (NAV See navigation system and navigation bar. ) of the Trust's shares will be determined daily by the Trustee on the basis of the settlement price for spot-month gold futures contracts announced by COMEX. Barclays Global Investors, N.A. is the Trust's sponsor. COMEX is a division of the New York Mercantile Exchange New York Mercantile Exchange (NYMEX) The world's largest physical commodity futures exchange. (NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). ). The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. is named as the Trustee, overseeing the day-to-day operations of the Trust. The Bank of Nova Scotia (BNS) will be the custodian. In addition to having storage capabilities in New York, London and other locations around the world, BNS, through its precious metals division ScotiaMocatta, is a full service bullion dealer. Barclays Capital, a leading bullion market participant, will be the initial purchaser of shares issued by the Trust. Barclays Global Investors is one of the world's largest asset managers(1) providing structured investment strategies such as indexing and risk-controlled active strategies. BGI managed over $1 trillion in assets as of 11/30/03, and over 2,000 funds for more than 2,200 clients in 39 countries around the world. BGI is owned by Barclays PLC. This notice does not constitute an offer to sell, or the solicitation of an offer to purchase, any shares of the Trust. Such an offer or solicitation may be made only by means of the prospectus, which is part of the registration statement filed with the Securities and Exchange Commission. There are risks involved with investing, including possible loss of principal. iShares is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. (1) Source: "P&I/Watson Wyatt Mega Managers," Pensions & Investments, September 1, 2003. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion