The Lion Fund will be the first in China to allow Chinese investors an avenue to capitalize on gold backed exchange traded funds overseas. Over $500 million dollars has been raised by the Lion Fund Management Company for investment in gold backed ETF’s abroad.
With the Chinese government doing all it can to curb inflation in their homeland, investors are looking for alternative ways to protect their assets. Generally, Chinese investors have to buy gold in physical form, bullion, coins etc.. They do not have a physically backed ETF within the Chinese border to invest in, so the Lion Fund will be a popular option for Chinese investors.
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