MOSt Shares Gold ETF, an open exchange traded fund, promoted by Motilal Oswal Mutual Fund, will be open for subscription from March 2-16, 2012. The shares will be listed at Bombay Stock Exchange and National Stock Exchange.
Hong Exchange and Clearing Ltd (HKEx) now has three gold ETFs: The Hang Seng RMB Gold ETF, SPDR Gold Shares and Value Gold ETF. Hong Kong's ETF market had the second highest turnover value in Asia-Pacific in 2011 based on statistics published by the World Federation of Exchanges, with average daily turnover of over $2.2 billion.
Blackrock Inc. (NYSE: BLK) announced recently that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched five funds focused on commodity producers. The funds offer the benefit of access to companies involved in the production of the commodity without exposure to physical storage or other costs associated with commodity ownership.
Shares of oil and gas exploration and production companies have been on the upswing of late. Shares of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) are up roughly 5 percent over the last week as oil prices remain strong and natural gas prices begin to recover from a decade low in January, according to an assessment by Five Star Equities.
