Gold miners' stocks outperformed physical gold by over 25% in the past year due to operating leverage.

Investors pour $500M into cheaper SPDR Gold MiniShares, bypassing GLD for lower fees.

Investors have directed $499.8 million into the SPDR Gold MiniShares Trust (GLDM), favoring it over the larger SPDR Gold Shares (GLD) due to its significantly lower annual fee of 0.10% compared to GLD's 0.40%. Both funds hold physical gold, but GLDM ...