Gold and silver ETFs will be updated to be “Mixtures,” but the SEC will likely change the way it measures the assets.
The SEC released its initial report this week outlining how it plans to change how the ETFs are evaluated, in a move designed to make them more market-like.
The changes will apply to both the ETF companies and to individual ETFs.
ETF companies, which are regulated entities that buy and sell gold and silver futures contracts on exchanges, include ETFs like the Vanguard Gold Trust (VGT) and the Vanguard Silver Trust (VSTS), and individual ETF companies include the SPDR S&P 500 (SPY) and Nasdaq Global Select ETF (Nasdaq GOOGL).
The SEC report lays out the changes for the three ETFs, which will be called Gold, Silver, and International Gold ETFs (GSIETFs), the report said.GSI ETFs could be expected to perform well for investors, with the companies reporting strong returns for the first time this year.
They will be listed on the NASDAQ stock exchange.
The report also said that the ETF portfolios are expected to be diversified, which could help ensure that investors are getting a broad portfolio of both U.S. gold and other commodities.
The portfolio includes futures, options, and other investment products.
The new metrics will be available on the SEC website on March 20.
The agency expects the changes to be effective in 2018.
The Dow Jones Industrial Average has been under pressure since the election of President Donald Trump, with its indexes having fallen as much as 30% in the past month.