SFS Plans Gold ETF In Sri Lanka

Swarnamahal Financial Services is aiming to roll out a Gold ETF.

Swarnamahal Financial Services (SFS) is aiming to roll out a Gold ETF, Lanka Newspapers reports. The firm plans to launch the fund when the necessary legal framework as well as the commodities exchange is ready along with regulatory approvals.

SFS along with ETI Investments is considered to have the biggest haul of gold stock among finance companies on account of pawn broking/lending. SFS, which is a registered finance company, is part of a jewellery retail brand, Swarnamahal Jewelers, in Sri Lanka.

Click here for the story from Lanka Newspapers.