Hong Kong SFC authorized only the first track gold price of the Exchange Traded Fund - gold ETF, today officially landing the HKEx.
It is understood that this gold ETF called the "SPDR gold ETF", is the world's largest institutional fund management company State Street Global's series of ETF products - SPDRETFs in one. The products are mainly for investment in gold, physical gold investment vehicle belonging to, to provide investors with a need for physical gold settlement and can participate in the gold market via a simple investment.
The gold ETF trading procedures and the general stock of the same. Fund companies to large consignment of gold producers relying on physical gold in the Exchange Fund share public offering, investors in the share of funds to purchase, and the time period in freedom redeemed. More suitable for less experienced and do not want to spend too much time on the retail investment management.