INDIA Amfi expects launch of gold ETFs in Feb

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Amfi expects launch of gold ETFs in Feb

PTI[ FRIDAY, JANUARY 12, 2007 04:13:26 AM]

MUMBAI: Traditional household investment in gold will soon have a new option with the much awaited Gold Exchange Traded Funds (GETFs) expected to be launched within a month.

“The Gold Exchange Traded Funds hopefully should be launched within a month,” the Association of Mutual Funds in India (AMFI) chairman A P Kurian said.

As per reports, three mutual funds — Benchmark Mutual Fund, UTI Mutual Fund and Kotak Mutual Funds — have already filed offer documents for gold funds with the market regulator.

“Some of these funds will be launched positively before the end of this financial year,” he said.

Through Gold Exchange Traded Funds, people can invest in gold in small amounts over a period of time. As and when they want to sell, they can either get gold or simply sell the units, he said.

A minimum of one gram gold can be bought or sold through the schemes, enabling even the poor to buy the precious metal and plan their future needs, like buying wedding jewelleries.


economictimes.indiatimes.com

kwy

Thanks for posting!!

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印度预期将于2月设黄金ETF

背景资料
开放式指数基金(Exchange-Traded Funds，ETFs）

由于ETFs允许投资者参与商品市场，不用担心开立期货交易账户，也无需担忧实物交割；因此吸引了不少过去不愿意进行商品交易的个人投资者参与。根据统计，至今黄金ETFs的持有量超过600吨，白银ETFs的持有量将近3500吨。包括美国、英国、澳大利亚、土耳其、新加坡和南非在内的国家总计有10个左右的贵金属ETFs。这些ETFs一般在证券交易所上市，跟踪现货价格。

ETFs的蓬勃发展已引发投资者对黄金和白银供应紧张的担忧。其中最为明显的证据就是，现货白银在巴克莱资本全球投资（Barclays Global Investors）推出白银ETFs后于5月触及25年高点15.17美元/盎司；铂金价格11月份也在有关铂金ETFs将被推出的传言影响下触及记录高点1,395美元/盎司。但ScotiaMocatta的黄金交易主管Simon Weeks称，所有贵金属基金所持有的总量仍太少，使得ETFs无法对价格形成强大而持续的影响。

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World Gold Council may offer new funds in Europe and India

12 Jan 2007 bbj.hu

The World Gold Council, a producer group supported by the world's biggest miners, may start selling gold-backed securities in Italy, Germany, Belgium, the Netherlands, Luxembourg and India.
The securities, also known as exchange-traded funds, will be similar to the one already traded in London, Burton said. The council has also backed funds traded in New York, Singapore, Mexico and France. The existing securities, introduced from 2004, represent a total of $11 billion of gold. „Investment demand for gold will remain strong,” James Burton, chief executive officer of the London-based council, said in an interview yesterday. „Investors like to buy at home if they can. That's why we're planning to expand into continental Europe and the Far East.”

Gold for immediate delivery reached a 26-year high of $730.40 an ounce in May, partly as investors bought the metal as a hedge against inflation amid record energy prices. Gold, which has since slumped 16%, may reach a record $850 an ounce this year, Web-based data, news and analysis provider TheBullionDesk.com predicted yesterday. Gold exchange-traded funds allow investors to buy or sell gold without taking delivery of the physical gold. The securities are backed by gold held in a vault on behalf of investors.

Investor purchases of gold through exchange-traded funds stands at 18 million ounces, according to exchangetradedgold.com. Gold for immediate delivery rose $2, or 0.3%, to $613.60 an ounce as of 8:25 a.m. in London. Burton, a former CEO of the California Public Employees' Retirement System, joined the World Gold Council in 2002. India is the world's biggest gold consumer. Italy is the second-biggest buyer of gold for jewelry, after India. (Bloomberg)

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迷茫之鍊金術士

睡睡  在 2007-1-12 07:22 PM 發表:

World Gold Council may offer new funds in Europe and India

12 Jan 2007 bbj.hu

The World Gold Council, a producer group supported by the world's biggest miners, may start selling gold-backed s ...

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