GSAM To Buy Indian Gold ETF Firm

Goldman Sachs Asset Management is in talks to acquire the assets of Benchmark Asset Management.

Goldman Sachs Asset Management (India) is in talks to acquire the assets of Benchmark Asset Management, Commodity Online reports. The assets of the Mumbai-based firm include a gold ETF. In 2007, Benchmark launched the Gold Benchmark Exchange Traded Scheme. The ETF provides returns that, before expenses, closely relate to the returns provided by domestic price of gold through physical gold.

Click here for the story from Commodity Online.