09.03.2011 - China’s first gold fund to invest $500 mln in ETFs abroad
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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