abrdn has made its ETF debut in Europe with the launch of an actively managed fund providing ESG-screened exposure to real estate markets globally.

State Street Global Advisors has reduced the expense ratio of the SPDR Gold MiniShares Trust (GLDM US) to just 0.10%, making it the cheapest physically backed gold ETP in the US in terms of sponsor fees.

abrdn, formerly Aberdeen Standard Investments, has expanded its range of commodity ETFs with a new fund providing low-cost exposure to a basket of industrial metals. The abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM US) has been listed on NYSE Arca with an expense ratio of just 0.39%.

New York-based Wilshire Phoenix has made its ETF debut with the launch of a physical gold fund that tactically allocates to cash based on changes in prevailing equity and gold market volatility.

ETFs providing exposure to gold and other precious metals are staging a rally as the coronavirus pandemic boosts demand for safe-haven assets and threatens commodity supply shortages. Gold ETCs such as the SPDR Gold Shares (GLD US) and iShares Physical Gold ETC (IGLN LN) have gained 9% in the past four days. Precious metals ETFs have performed even better with the Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR US) and WisdomTree Physical Precious Metals ETC (PHPP LN) adding around 18% over the same period.