ETFS Physical Swiss Gold Shares Breaks $1b in AUM (SGOL)

ETF Securities USA LLC announced today that the total assets under management of its ETFS Physical Swiss Gold Shares SGOL passed the $1 billion mark as of Sept 29th, 2010. In the opinion of ETF Securities, recent flows into SGOL have largely been driven by investor's desire to hold gold in Switzerland and to position portfolio's for possible inflationary pressures resulting from currency debasement.