The German bank sees an opportunity to provide tighter pricing on gold exchange-traded funds in Asia, citing its capabilities in gold spot and futures trading.
Tag : gold
SSgA gains approval to allow MPF scheme providers to invest in its gold-backed ETF, just as the price of bullion sinks. Also, Invesco launches a CNH bond fund for its MPF platform.
The alternatives arm of asset manager Vontobel aims to hit capacity for the product within five years with the help of sales through private banks in Asia.
Percival Stanion, global head of multi-asset portfolios at Baring Asset Management, says investors are waiting for emerging-market monetary easing and more certainty in Europe.
A panel of veterans at the AsianInvestor/FinanceAsia commodities conference this week borrows heavily from the gold bug's playbook.
The Martabe mine in North Sumatra is about to pour its first gold, as a new chapter is opened for the mine, now in the hands of Hong Kong company G Resources.
Asian central banks have been less active than those in other emerging markets, and European central bank activity remains flat. But other investors are showing strong demand.
With an education process needed to raise investor understanding of equities, the nation’s asset managers are likely to package more gold related products, and even ETFs.
The supply of securities is now healthy, particularly in equities, but demand to borrow them remains relatively weak, says the bank’s global head of financing and markets products.
Demand for gold touched an all-time high of $150 billion last year, buoyed by gold jewellery purchases in India and investment demand in China.
The South African bank moves quickly to amend an announcement about the imminent launch of Hong Kong’s second gold ETF; a fund that has yet to receive regulatory approval.
Consolidation activity is forecast in the cement and bottled-drink sectors in China, while Chinese firms are mapping out the supply of raw materials from Africa, says the research firm.