ETF Securities Plans Hong Kong, Singapore Gold ETFs

By
Devon Layne
November 14, 2012
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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.

ETF DAILY DATA

'SPY' lost $2.48 billion on Wednesday, Jan. 28, as net outflows and a lower stock market pulled total U.S.-listed ETF assets below $2 trillion.

'SPY' paced SSgA's issuer-leading outflows on Wednesday, Jan. 28, as net outflows and falling stocks pulled total U.S.-listed ETF below $2 trillion.

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