ETF Securities, the London-based ETF provider, plans to add diversity to the growing Asian market by launching gold-focused products on Hong Kong and Singapore’s respective exchanges, according to an article on MarketWatch.
Gold ETFs, which are already staples in the U.K. and the U.S., are growing in demand in Asia as the region’s wealth increases and investors seek ways to hedge against inflation, the article said.
Currently, there are only two gold-based products available in Hong Kong, the Hang Seng RMB Gold ETF and the Value Gold ETF. ETF Securities’ proposed line of ETFs will give investors the ability to trade a gold ETF on a local exchange during local hours, according to MarketWatch.
Head over to MarketWatch.com for the full story.