Gold ETFs

Gold ETFs or exchange traded funds came to life in Canada years ago with the first Gold ETF product named “Central Fund of Canada”. It was a closed-ended fund founded in 1961. Its articles of incorporation were amended later in 1983 to provide investors with an exchange trade-able product for ownership of gold and silver bullion. It has been listed on Toronto Stock Exchange since 1966 and the AMEX since 1986. Though Indians’ affinity for gold dates back to centuries, it was only in 2007 when the country launched its first Gold ETF (GoldBeES) with gold as the underlying asset. The gold ETF was conceptualized in India in the year 2002 by the Benchmark Asset Management Company Pvt. Ltd. when they filed a proposal with the Securities Exchange Board of India (SEBI). Few years later, this proposal was finally approved and the first Indian gold ETF was unveiled in 2007. At present, India’s National Stock Exchange alone lists over a dozen separate gold ETFs, which are traded daily and are managed by India’s leading Asset Management Companies. Will you ever consider an investment into Gold ETFs in place of physical gold?

Share on linkedin
Share on whatsapp
Share on twitter
Share on facebook
Share on email
October 1, 2021
Monthly Snapshot – September 2021
Click here to download the report Our Indian stock market has become the 6th largest market in the world....
September 1, 2021
Monthly Snapshot – August 2021
Click here to download the report This month, Liquidity Surplus increased by over 2 lakh crore, and inflation, which...
August 1, 2021
Monthly Snapshot – July 2021
Click here to download the report The U.S. and China have been engaged in a full-blown tech war for...
July 26, 2021
The VRIO framework comes to the help of managers when analyzing a company’s resources and capabilities. VRIO is an...
July 5, 2021
Current account surplus takes place when a country has more exports than imports of goods and services A current...
July 2, 2021
Monthly Snapshot – June 2021
Click here to download the report This month, our Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs....
June 3, 2021
Introduction Since the mid-20th century, mankind has faced the self-induced problem of climate change which has caused ecological havoc...
June 1, 2021
Green Finance
Climate change maybe a matter of debate for politicians around the world, but investors have become increasingly aware and...
June 1, 2021
Monthly Snapshot – May 2021
Click here to download the report This month the market capitalization of BSE- listed companies hit $3 trillion for...
May 1, 2021
Monthly Snapshot – April 2021
Click here to download the report This month Bombay Oxygen Investments’ share prices escalated 133% in a single month....