Chinese investors get access to international physically backed gold ETFs

gold-bars
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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