Chinese investors get access to international physically backed gold ETFs

Physical gold fund debuts in China

Chinese asset manager Lion Fund Management (LFM) has launched China's first mutual fund. The fund, launched earlier this month, will invest in gold-backed exchange-traded funds (ETFs) from overseas and is the first of its kind to be granted a license under the Qualified Domestic Institutional Investor scheme (QDII), which provides domestic investors access to foreign financial markets.

"The product will widen investors' asset allocation choices, and provide them with a new way to defy inflation

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