| From Indexuniverse.com: Nepal features eight of the 10 highest mountains in the world, including Mount Everest. And now, the Himalayan nation is about to have an exchange-traded fund. Nepal-based Ace Development Bank says it plans to introduce a gold ETF for Nepal's financial market on Sunday.
The fund will buy gold directly, according to details released announcing its introduction. On the first day of trading, the bank plans to sell 5 kilograms of gold linked to the ETFs. According to its sponsors, the ETF represents the cheapest way for investors to gain exposure to physical gold bullion other than buying it directly themselves..... Full Article: Source
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