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Country's first gold fund due: TMB Asset stresses diversification of risk.
Byline: Nuntawun Polkuamdee
Oct. 5--TMB Asset Management plans to launch the country's first gold fund worth 1.2 billion baht on expectations that gold prices will continue to rise in the future.
The TMB Gold Fund is a foreign investment fund linked to the streetTRACKS Gold Trust, the world's leading gold trust, according to managing director Jotika Savanananda.
Subscriptions for the fund, with a par value of 10 baht, are from Nov 23 to Dec 1. HSBC Bank is the gold custodian.
streetTRACKS is the first exchange-traded fund (ETF) listed on the New York Stock Exchange and sponsored by World Gold Trust Services LLC, a subsidiary of the ...
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