Will Rhind, Founder & CEO, GraniteShares, met with Julie Cooling, Founder & CEO, RIA Channel to discuss the firm’s approach to ETFs.
After founding GraniteShares in 2016, Rhind sought out to make commodity-based ETFs low-cost and easily accessible. The firm’s physically-backed gold and platinum ETFs, BAR and PLTM, launched in 2017 and 2018 respectively, deliver the performance of the precious metal price with the added benefit of reduced trust expenses. Amongst 2020’s COVID-19 fears and market volatility, Gold has remained a bright spot as many investors have turned to the precious metal as a part of their flight to safety.
Recently the firm launched XOUT, a US Large Cap ETF which aims to leave out losers, rather than seek out winning stocks. XOUT offers broad sector diversification and leverages quantitative scoring to detect companies more likely to experience a long-term decline.
Since launching the firm in 2016, GraniteShares has gathered more than $900 million in assets under management and launched five ETFs.
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