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China’s first gold fund to invest $500 mln in ETFs abroad

Posted on 09 March 2011

From Commodity Online: China’s first gold mutual fund, Lion Fund Management Co said it has won approval from the State Administration of Foreign Exchange to raise $500 million more to invest in gold-backed exchange traded funds abroad.
In a statement, the Fund said it got the permission to invest overseas under China’s Qualified Domestic Institutional Investor scheme, reports China Knowledge……………………………………….Full Article: Source


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