Wednesday, 5th October 2005 (6009 views)

Thailand is set to have its first gold fund when TMB Asset Management launches its planned 1.2 billion baht fund.

The company believes gold prices will continue to rise, which will enable it to begin the operation.

TMB's Gold Fund will be an overseas investment fund linked with streetTRACKS' Gold Trust.

TMB's managing director Jotika Savanananda, told the Bangkok Post: "Investing in gold is a good alternative investment as gold is a lasting asset with inherent value although its prices could possibly fluctuate from time to time."

Gold as a commodity investment has given an average yearly return of nearly ten per cent since 2000.

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.