Gold

China to get first gold ETFs

Tue, 11/06/2013 - 11:13

Huaan Asset Management and Guotai Asset Management are to launch China’s first gold-backed exchange-traded products after receiving approval for the funds from the China Securities Regulatory Commission.

 
The ETFs, which will be listed on the Shanghai Stock Exchange and denominated in yuan, will track movements of spot gold prices on the Shanghai Gold Exchange.
 
Neither company has indicated yet when the funds will launch but demand for physical gold has been booming in Asia in recent months as the price of the precious metal falls following a 12-year bull market.


Subscribe to free daily newsletter
latestjobs
Quantitative Trading Strategist | Front Office

Sat, 20 Dec 2014 00:00:00 GMT

Entry Level Financial Software Developer

Sat, 20 Dec 2014 00:00:00 GMT

C#.NET Developer – Quantitative Risk, Fixed Income

Sat, 20 Dec 2014 00:00:00 GMT

events
3 weeks 6 hours from now - New Orleans
4 weeks 2 days from now - Boston
4 weeks 2 days from now - New York
4 weeks 6 days from now - New York
specialreports