Chinese investors gain access to physical gold ETFs

The fund was launched earlier this month after receiving 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 and keep their value during times of uncertainty," Song Qing, director of international business based in Shanghai, told the Asia Asset Management news site. He added: "Ideally we want to have a product investing in ETFs in the domestic market, but domestic conditions are no...