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China’s ETF Move Pushes Up Gold

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China’s ETF Move Pushes Up Gold By Chris Oliver And Matt Whittaker, Wall Street Journal
“HONG KONG—China’s securities regulators are allowing mainland Chinese to invest in foreign exchange-traded gold funds for the first time, unleashing the full buying power of the world’s second-biggest economy on funds that already own more gold than most central banks… Lion Fund Management Co. received permission to invest in exchange-traded gold funds outside the country, making the fund the first of its kind for mainland China, according to a statement posted on the Shenzhen fund provider’s website.”

 

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Jeremy Jones, CFA

Jeremy Jones, CFA is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Jeremy is a contributing editor of youngresearch.com.