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Thursday, April 19, 2007

Benchmark Gold ETF (NSE Code: Gold BeES)
UTI Gold ETF (NSE Code: Gold Share)

What are Exchange Traded Funds (ETF)?
Exchange Traded Funds are passively managed funds tracking a benchmark index and reflect the performance of that index. ETFs are similar to index mutual funds, but are traded on exchanges like a stock. Thus ETFs provide dual benefits of flexibility of trading like a share and offer the best features of open and close end funds.

What is Gold ETF?
Gold ETFs are passively managed open-ended exchange traded fund that offers investors a way to invest in gold without the need to hold the metal in physical form. The fund aims at tracking the performance of physical gold prices. Investors can buy or sell units from the stock exchange and eachunit will be backed by physical gold held by the custodian of the scheme.


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Posted by FR at 6:07 PM  

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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.