SINGAPORE -- Bosera Funds has raised $50 million for China's fourth gold-backed exchange-traded fund that it aims to launch soon, at a time when investment demand for the precious metal has been sluggish in the world's biggest bullion consumer.
The fund, called Bo Gold ETF, raised 292.2 million yuan ($47.5 million), in line with internal expectations, according to an emailed statement sent by Bosera to Reuters.
An exact launch date is yet to be finalised but the ETF could start trading as soon as next month. ...
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