30.04.2009 - Gold ETFs make golden sense
From Dnaindia.com: ETFs are essentially mutual funds listed on the stock exchange. You can buy and sell them just like you would buy and sell a share. In the case of a gold ETF, the underlying asset is standard gold bullion. In other words, a gold ETF is just like any other mutual fund scheme --- only difference being that instead of being invested in equity shares, the monies collected are invested in gold. Generally, the price of one unit represents approximately one gram of gold. Since these are passively managed funds, the NAV will basically track the price of gold in the open market.......Full Article: Source
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