In Focus: Yellow Fervour

The launch of the first gold exchange traded fund (ETF) was watched closely by the global market given that India is the largest consumer of the yellow metal in the world. Gold ETF offers a unique proposition to investors combining the traditional asset class with the modern dematerialised form of investing. Investors will be able to ride on the price movements of the asset and gradually build their positions without having to take possession of the metal and bother about its safekeeping. Further the ETF will offer liquidity as the units will be traded like shares of companies in a dematerialised form on the National

This article was originally published on March 01, 2007.