Thanachart Fund Management has rolled out two new exchange-traded funds (ETF), Bangkok Post reports. The two gold funds that have a passive investment strategy will not track the global gold index like other ETFs they will instead invest in gold bullion.
The Bangkok-based firm will buy physical gold from gold refiners that are approved by the London Bullion Market Association. The gold trading transactions will be processed in the Hong Kong market.
Click here for the story from Bangkok Post.