The Stock Exchange of Thailand (SET) confirms that trading prices of all four gold exchange-traded funds (ETFs) listed on SET are efficiently in line with gold prices in the global market and their net asset values, and the exchange also assures investors of its surveillance system.
“The gold ETFs have proven very attractive for domestic investors since they listed on SET late last year, with a combined trading valuation of THB 6.52 billion (approx. USD 210 million) in 2011, because the instrument is an innovative financial tool well-designed to meet investor demand for gold trading. The SET-listed ETFs enable investors to buy or sell at any time during exchange trading hours and provide real-time indicative net asset values (iNAVs), unlike general gold funds. There is also no currency risk as the ETFs are traded in the Thai baht currency,” said Pakorn Peetathawatchai, SET’s Chief Marketing Officer.
Prices of gold ETFs listed on SET have tracked those of gold prices in the global market and trading prices are usually in line with gold fund’s NAVs because leading gold brokers have participated as market makers. Consequently, investors have the opportunity to get returns similar to those from trading in physical gold without worries over the storage of gold, and can be assured by SET’s settlement and market surveillance systems.
The SET-listed gold ETFs are Bualuang CHAY Gold ETF (BCHAY), managed by Bualuang Asset Management; K-Gold ETF (KG965), managed by Kasikorn Asset Management; KTAM GOLD ETF Tracker (GLD), managed by Krung Thai Asset Management, and ThaiDEX Gold ETF (GOLD99), managed by One Asset Management. They have a combined assets under management of THB 2.99 billion (THB 96.7 million) as at the end of January.
