Thai Bourse lists gold-based ETF “TGOLDETF” on April 11

Thai Bourse lists gold-based ETF “TGOLDETF” on April 11

05/04/2012

The Stock Exchange of Thailand (SET) will list TGOLDETF Thanachart Gold ETF, managed by Thanachart Fund Management Co., Ltd., on its main board on April 11, under the ticker symbol “TGOLDETF.”

TGOLDETF, an open-end exchange-traded fund (ETF), has a policy to invest in gold bars whose quality and purity following international standards.

SET President Charamporn Jotikasthira said: “. The ETF will follow global gold prices and its par value will be 1/10,000 of the gold price in baht per troy ounce based on London Gold AM fixing. Therefore, ETF returns will directly follow the movement of gold bar prices overseas. So, this new product should be an attractive choice and respond to the needs of investors who want to invest in gold through the stock exchange.”

Boonchai Kiattanavith, CEO of Thanachart Fund Management, said: “We were successful to end the first quarter with the sale of TGOLDETF units worth THB 1.39 billion, thanks to the cooperation of our strong partners, which are Thanachart Bank, Thanachart Securities pcl, Hua Seng Heng Gold Futures Co., Ltd, and another ten securities firms. TGOLDETF is Thailand’s first and sole ETF investing in overseas gold bars following international standards. With our strong partners and great support from world gold trader ScotiaMocatta, we believe the ETF will get warm welcome when it lists on SET.”             

TGOLDETF is managed by Thanachart Fund Management, with Thanachart Securities being market maker and participating dealer. Hua Seng Heng Gold Futures Co., Ltd. is another participating dealer.

The gold-based ETF can be traded via brokers and gold traders who have Limited Broker Dealer Underwriter (LBDU) sub-broker licenses, issued by the Securities Exchange and Commission.

For more information on TGOLDETF, please visit Thanachart Management Fund

www.thanachartfund.com and www.set.or.th and www.settrade.com.