Bosera, E Fund to launch China's latest gold ETFs
Two more Chinese fund houses have received permission to roll out domestic gold ETFs, with managers saying they will drive competition despite a slumping gold price.
Two Chinese fund houses are readying what will be the third and fourth onshore gold ETFs available to Chinese investors after approval from the securities regulator.
Bosera Asset Management and E Fund Management secured approval from the China Securities Regulatory Commission (CSRC) in July to roll out gold ETFs. It follows hot on the footsteps of the first two products, launched by Guotai Asset Management and HuaAn Fund Management.
The liberalisation marks an important shift in…
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