23.11.2011 - Gold ETF assets in India soar
It has been a good year for gold exchange traded funds (ETFs). With assets under management almost tripling at the end of October, following the festival season of Diwali, from the year ago period, financial planners across India are advising their clients to add gold ETFs to their portfolio. Clients have been advised that the strong investment demand will continue well into the new year. Data shows that even as sales of real gold has plunged 26% in the quarter ended September, given the high price of gold, ETFs have nearly tripled...............................................Full Article: Source
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