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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

China SWF buys into top gold ETF

Posted on 12 February 2010

From Mineweb.com: A confluence of technical factors suggest gold price support between $1,019/oz and $1,025/oz as outlook remains bearish, but CIC’s purchase of SPDR Gold Trust shares may represent the start of a more long term strategy.
This has led it to make its first investments in commodity-related exchange-traded funds and in the SPDR Gold Trust, the largest gold ETF………………………………….Full Article: Source


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