Hong Kong, mainland Chinese investors tap bullion rally, lift gold exchange-traded funds’ assets to six-year high

YahooNews/Georgina Lee

“Exchange-traded funds (ETFs) backed by physical gold have outperformed others tracking equities or fixed-income indices, bolstered by a surge in inflow from investors looking to profit from a recent rally in the safe-haven asset to a six-year high through such passive funds.”

USAGOLD note:  Like their American and European counterparts, professional money managers in Asia are hedging their stock and bond portfolios with gold particularly in light of what is happening in Hong Kong.  The threat of military intervention hangs in the sultry south China air. . . . . .

Re-post from 8-12-2019

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.