In recent years, exploration for gold has slowed, said Elizabeth Xie, co-manager of the American Century Global Gold fund
. That's at least partly because in gold's last boom, from 2001 to 2011, many mergers and acquisitions were completed at "ridiculous premiums financed by huge debt," Xie said.
As for the listing of two more exchange-traded funds (ETFs) on the exchange, one for gold and the second for global Islamic indicators, he said that the two issues are still under study and are going according to the plan of listing, stressing that the gold fund
index will give great support to the Qatari market at the macro level of the national economy, and to the diversification of options for investors in terms of alternatives at the market level, where there are groups of investors prefer to invest in metals.
Zimbabwe, one of the biggest mining countries in Africa, introduced a gold fund
in 2016 through the Reserve Bank of Zimbabwe.
Joe Foster, who runs one of Newmont Mining's (NEM) biggest investors VanEck International Investors Gold Fund
, said that he wants the terms of the company's merger with Goldcorp (GG) renegotiated, the Wall Street Journal's Alistair MacDonald and Jacquie McNish report.
Salih called for establishment of gold fund
that collects its resources from the public for the purchase of gold from miners and companies and then to be sold to central banks or exporters and banks must be allowed to employ a maximum of 5% of its financing portfolio to buy gold as hedging, considering that as a safe options make the central bank exit from the trap of direct injection of liquidity and the subsequent effects of double inflation.
15 paintings are in the gold fund
of Kyrgyz National Museum of Fine Arts named after Gapar Aitiyev.
Furthermore, the net assets of Meezan Gold Fund
(MGF) as on July 31, 2018 reached at Rs 246 million.
GRAND CAYMAN: Physical Gold Fund
announced the appointment of Mr.
Physical Gold Fund
SP (PGF), a world leader in physical allocated gold, has announced that it has been endorsed as Shariah-compliant by Amanie Advisors, a leading Shariah advisory firm specializing in Islamic finance solutions.
At that juncture, Dalda Foods, Inbox Technologies Limited and a variety of funds in Gold Fund
; Energy Fund; Capital Protected Fund; Active Allocation Fund; Strategic Allocation Fund; Treasury Fund; Prosperity Planning and privately placed sukuk had sought to be listed on the PSX.
VanEck International Investors Gold Fund
, Class I (ticker: INIIX) was awarded a 2018 Thomson Reuters Lipper Fund Award for Best Fund over the 10-year period ending December 31, 2017 in the Precious Metals Equity Funds category, the company said.
In the first quarter, Soros piled $124 million into the SPDR Gold Trust, the largest exchange-traded gold fund
in the world.