WisdomTree’s latest Tokyo ETF disclosures show that commodity exposure under one manager can still be built in very different ways. In the metals lineup, the gold ETF (1672) was disclosed with 17,751,997 units outstanding, assets of ¥1.07tn and a per-unit asset value of ¥60,028. The same filing shows 0.00% deviation for the gold, silver and platinum funds against their stated precious-metals references at the June 25 London close reference point.
| Fund | Code | Assets | Per-unit asset value | Tracking note |
|---|---|---|---|---|
| Gold ETF | 1672 | ¥1.07tn | ¥60,028 | 0.00% deviation to stated LBMA afternoon-fixing reference |
| Silver ETF | 1673 | ¥409.70bn | ¥8,441 | 0.00% deviation to stated LBMA silver reference |
| Platinum ETF | 1674 | ¥79.90bn | ¥23,660 | 0.00% deviation to stated London platinum-palladium market afternoon reference |
| Broad commodity ETF | 1684 | ¥19.63bn | ¥2,362 | 0.07% deviation to benchmark, futures-roll explanation included |
The companion commodity disclosure looks different. The broad commodity ETF (1684) was disclosed with 8,312,523 units, assets of ¥19.63bn and a per-unit asset value of ¥2,362, with a 0.07% deviation from its benchmark. That document covers 14 commodity funds, including energy, industrial metals, agriculture and single-commodity products such as WTI crude, gasoline, copper, nickel, wheat and corn.
The contrast is in the pricing machinery as well as the asset totals. The metals filing uses WM/Reuters spot foreign-exchange rates of ¥161.67 to the dollar in the examples shown and measures deviation against London bullion price fixes and the amount of metal held per unit. The broad commodity ETF uses a benchmark value determined after the relevant US futures market closes and converts to yen at Bloomberg’s ¥161.8 dollar-yen rate.
The commodity disclosure also spells out a feature that the metal filing does not dwell on. It says rolling futures from nearby contracts into later expiries can create gains or losses, depending on whether the market is in backwardation or contango, and notes that different index constructions can be affected differently by the shape of the futures curve.
For readers outside Japan, the practical point is straightforward. WisdomTree’s Tokyo shelf includes metal funds whose daily disclosure is framed around bullion price references, and broader commodity funds whose disclosure is framed around benchmark deviation and futures-roll mechanics. These are daily snapshots rather than performance reports, but they are a reminder to read the product structure, not just the asset-class label.