Chinese fund house halts gold-linked ETF after premiums surge

Photo of author

By journalsofus.com


An exchange-traded fund that owns gold companies has become the latest target of frenzied trading in China as investors flock to corners of the market resilient to the country’s economic challenges.

Trading for the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF was halted as of 10:30 a.m. local time Monday to protect investors’ interests, China Asset Management Co. said in a statement on Monday. This was the second trading suspension for the product since last Tuesday.

Leave a comment