Unleashing The Dragon: China Enters The Global Gold ETF Market (GLD, SLV)
Etfdailynews.com reports that Lion Fund Management Co becomes the first company in China to create a fund allowed to invest in foreign exchange- traded funds backed by gold.
Etfdailynews.com reports that Lion Fund Management Co becomes the first company in China to create a fund allowed to invest in foreign exchange- traded funds backed by gold.
Moneycontrol.com reports that the value of gold exchange traded funds has seen a four-fold increase.
With a rich history as the center of the global gold market, India is the world’s leading gold consumer. Although most Indian gold demand is focused on the jewellery sector, investment demand for gold in the region is experiencing substantial growth in the form exchange-traded funds.
Reuters reports that Gold exchange-traded funds is new for India, but are gaining in popularity.
Etftrends.com reports that gold exchange traded funds (ETFs) gets additional support from investors.
The considerable appetite for commodity exchange traded funds (ETFs) is relatively easy to explain, as prior to the launch of these products many investors did not have an efficient and comparatively reasonable means of exposure into the asset class.
ETFs have generated interest among investors, who purchased $277 billion of commodity ETFs and related securities by the end of 2009, attracted primarily to the potential of low costs, stock-like features and relative tax efficiency as well as profiting from exposure to raw materials’ global demand.
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