"Except for gold, all other assets are just bubbles to me," said a 24-year-old female investor in Beijing. "I guess I am a pessimist. If there are really some global conflicts, even dollars and bonds could not buy a meal."Bonds and USD are also catching a bid...
In just seven trading days at the start of this year, assets under management at HuaAn Gold ETF, China's biggest gold ETF, jumped 8 percent, after doubling during the previous six months.
"We notice a rise in gold investment whenever there's concern over yuan depreciation," said Richard Xu, the fund's manager. "Buying gold also helps investors avoid risks in equities. It serves double purposes."
2016-01-15
CNYXAU for 2016
Reuters: Giving up on stocks: China's retail investors seek safety first
No comments:
Post a Comment