10
February
Scotiabank Plans to Sell Gold to Consumers in Mexico, Dubai
10 February 2011 Bloomberg.com
Investments in gold funds in India, the world’s largest consumer of bullion, will top mutual fund equity investments in the next three to four years, according to Reliance Capital Asset Management Ltd.
Reliance Capital yesterday launched a gold fund-of-fund which allows investments as small as 100 rupees ($2.19) a month. The money raised will be invested in bullion through its gold- backed exchange-traded fund, Sundeep Sikka, chief executive officer of Reliance Capital Asset Management, said in a phone interview yesterday.
