First Japanese Gold ETF to Launch August 10

Source:

The Nikkei business daily reported Tuesday the gold ETF will debut on the Osaka Securities Exchange Aug. 10. Normura Asset Management will manage the fund, the report said.

The first Japanese listed gold exchange-traded fund will be launched next month, according to reports. The Nikkei business daily reported Tuesday the gold ETF will debut on the Osaka Securities Exchange Aug. 10. Normura Asset Management will manage the fund, the report said. A formal announced is due later Tuesday afternoon from the Osaka exchange, the report said. The Osaka exchange will classify the ETF as a foreign investment trusts that invests in gold-linked bonds, the report said.

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