The first gold ETF only the first day of turnover 150 million Hong Kong dollar

Yesterday, the first gold exchange traded fund only the SPDR ETF (02840, HK) listed on the HKEx. The stock yesterday the Hong Kong dollar opened at 700.50, after opening up repeatedly, the Hong Kong dollar and 700.50 to 706.50 fluctuations between the Hong Kong dollar, the Hong Kong dollar on the day was at 705, with 20.854 million shares, the transaction volume of 1.5 billion Hong Kong dollars.

It is understood, SPDR ETF each of the 10 stocks in hand, only the main track is the first international gold spot price of gold Exchange Traded Funds. Each of the securities will receive the corresponding physical gold that this gold to keep this body for the equity holders and storage.

Only the first gold ETF only to Hong Kong investors bet the price of gold more direct way. Whether direct investment in gold bulls or value investors, through investment in gold ETF to avoid inflation.

Source: Daily Economic News