Gold ETFs have also been listed on exchanges in Hong Kong and Shanghai. [China’s First Gold ETFs]
Asia has strong demand for physical gold, but now investors are getting ETFs to trade the precious metal.
“The trend of shifting from physical to gold ETFs is just beginning,” said Tanawat Roongtanapirom, a fund manager at Kasikorn Asset Management, in the Reuters story.
“Increasingly, we see investors turning to ETFs as a way to gain immediate access to entry and exit,” added Siyi Lim, an ETF analyst at OCBC Investment Research.