(Mike Maharrey, Money Metals News Service) In what seems like a groundbreaking move, an Indian gold ETF is set to back its fund with gold futures contracts, as well as physical metal.
ETF is an acronym for “Exchange Traded Fund.” In simplest terms, an ETF represents a basket of investments that trades on the market as a single entity. An ETF can represent just one commodity, such as oil, or a fund can hold a wide range of assets, such as tech stocks.
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