42% of investors expect the price of gold to increase over the next one to three years.1 Only 14.5% expect the price to fall. 49% of institutional investors see ETFs/ETPs as their ‘investment vehicle of choice’ for gold…
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FinEx ETF Ltd., part of FinEx Group, the international investment management company, announces the listing of its FinEx Held Gold ETF on NYSE Euronext, in Amsterdam on 12 November.
The FinEx Held Gold ETF (the “Fund”) holds physical Gold Bullion Bars in vaults in London.
The Fund tracks the price of gold calculated using the London Gold Fixing Price set in US dollars on each trading day. Shares in the ETF will be available in Euros.
The ETF has been previously listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange via a passporting mechanism pioneered by FinEx ETF.
Simon Luhr, Managing Partner and CEO, FinEx Capital Management, said: “We are pleased to announce the launch of our gold ETF on NYSE Euronext, an exchange which we believe is set to grow in importance as the ETF market in Europe increases in size and strength.”
“Investing in gold via an ETF is a secure and safe way to gain exposure to this commodity, and being backed physically provides reassurance to investors. Our research shows there is substantial appetite among investors for gold now and going forwards.”
Research reveals positive outlook for gold
New research1 from FinEx ETF reveals that 42% of institutional investors believe that the price of gold will increase over the next one to three years, including 4% who anticipate a dramatic rise. Only 14.5% anticipate a fall in value.
The findings reveal that institutional investors believe the two main drivers of a rise in the value of gold will be fear of another financial shock (41% describing this factor as ‘very significant’ or ‘significant’), and geopolitical uncertainty (38.5% describe this factor as ‘very significant’ or ‘significant’).
ETFS/ETPS – The most popular vehicle for investing in gold
Nearly half (49%) of institutional investors said that ETFs/ETPs were their ‘investment vehicle of choice’ for investing in gold; versus 16.5% for pooled gold accounts; 4.1% for un-hedged gold stocks; and 1.0% for both bullion and futures.
Some 53% of institutional investors said that cost efficiency was a benefit offered by ETFs/ETPs when investing in gold, followed by liquidity (38% said this) and transparency (22%).
ETF Symbol: FXGD
Listing date: 12/11/2013
ETF Trading name: FINEX Physically HELD GOLD ETF
Underlying index: GOLD London AM Fixing
TER: 0.45%
Source: ETFWorld.co.uk – FinEx ETF Ltd
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