Blackrock and iShares visits the NYSE to celebrate the recent growth of its iShares Gold ETF (NYSE Arca-Listed IAU). In honor of the occasion, Robert Kapito, President of BlackRock, rings The Closing BellSM. Investing in gold is of growing interest among investors of all sizes. The bulk of gold investing is going into exchange traded products due to their cost efficiency and ease of access. The Trust made a number of enhancements, such as reducing the share price, boosting liquidity, lowering total costs and implementing the first 100% daily allocation procedure among gold ETFs, which is helping an even broader group of investors tap into the gold market. About iShares Gold ETF (NYSE Arca: IAU) The iShares Gold Trust ("Trust") seeks to correspond generally to the day-to-day movement of the price of gold bullion. The objective of the Trust is for the value to reflect, at any given time, the price of gold owned by the Trust at that time, less the expenses and liabilities of the Trust. Backed by Physical Gold The shares are backed by gold, identified on the custodian's books as property of the Trust and held by the custodian in vaults in the vicinity of New York, Toronto, London and other locations. About BlackRock BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was .15 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs ...
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