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