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Gold Funds Allowed In Thailand

webfact
webfact
in Jobs, Economy, Banking, Business, Investments

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INVESTMENT

Gold funds allowed in Thailand

By The Nation

The Capital Market Development Committee today approved the regulations which will allow fund companies to invest directly in gold bullions.

At present, they can only make indirect investment in gold, through overseas gold funds or gold futures.

"Through the regulations, new products will be offered as investors' choices and gold traders can involve in developing the business," said Thirachai Phuvanartnaranubala, secretary-general of the Securities and Exchange Commission and chairman of the committee.

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-- The Nation 2010-07-27

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