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Commodities Briefing - Categorized | ETFs / ETCs, New Launches more

Lyxor launches gold equities ETF

Posted on 10 January 2013

Lyxor Asset Management has announced the launch of the Lyxor ETF MSCI ACWI Gold (GLDM), a new exchange-traded fund offering access to a global portfolio of gold mining and gold-related stocks. The ETF has been listed on the NYSE Euronext Paris and comes with a management fee of 0.50%.
The fund, which is based on a variation of the MSCI ACWI Gold Index, enables investors to gain exposure to the gold theme via mining companies whose fortunes are strongly tied to the price of the precious metal………………………………………..Full Article: Source


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