CRISIL Research, India’s largest independent and integrated research house, announced the launch of the CRISIL Gold Index.
The CRISIL Gold index will track the performance of gold prices in the domestic market. The objective of CRISIL Gold index is to provide an independent and relevant benchmark for performance evaluation of investment products with gold as underlying investment. This is the first index introduced by CRISIL in the commodities space and the ninth overall.
Mr. Mukesh Agarwal, Senior Director, CRISIL Research said “Gold is considered to be one of the safest havens for investments. Typically, during uncertain times, gold acts as an effective hedge.” The strong performance by gold has also coincided with the introduction of Gold ETFs (Gold Exchange Traded Funds ) and Gold FoFs (Gold Fund of Funds ) in India. The objective of these funds is to provide returns that closely correspond to the returns delivered by gold as an asset class.When compared with holding physical gold, gold ETFs provide investors with various benefits like affordability, guaranteed purity, high liquidity, transparent pricing and low holding cost. These benefits along with the tax advantage make gold ETFs a more efficient way of owning gold""
First Gold ETF in the country was launched in 2007 March . The average AUM (Assets Under Management ) under this category have grown exponentially from Rs.96 crore billion in March 2007 to Rs. 6000 crore as on June 2011. Now, about 12 asset management companies offer 12 Gold ETFs and 4 Gold FoFs in India. Globally, AUM of Gold ETFs has grown over USD 100 bn as on June 2011 as against USD 14 bn in April 2007.
Since the global credit crisis of 2008, gold has been consistently outperforming the equity market and eliciting enhanced investor interest. Between August 2008 and July 2011, gold has given an annualized return of 22.91% compared to 9.3% by S&P CNX Nifty.
The methodology for the CRISIL Gold Index and the daily index values are available on www.crisil.com
The CRISIL Gold index will track the performance of gold prices in the domestic market. The objective of CRISIL Gold index is to provide an independent and relevant benchmark for performance evaluation of investment products with gold as underlying investment. This is the first index introduced by CRISIL in the commodities space and the ninth overall.
Mr. Mukesh Agarwal, Senior Director, CRISIL Research said “Gold is considered to be one of the safest havens for investments. Typically, during uncertain times, gold acts as an effective hedge.” The strong performance by gold has also coincided with the introduction of Gold ETFs (Gold Exchange Traded Funds ) and Gold FoFs (Gold Fund of Funds ) in India. The objective of these funds is to provide returns that closely correspond to the returns delivered by gold as an asset class.When compared with holding physical gold, gold ETFs provide investors with various benefits like affordability, guaranteed purity, high liquidity, transparent pricing and low holding cost. These benefits along with the tax advantage make gold ETFs a more efficient way of owning gold""
First Gold ETF in the country was launched in 2007 March . The average AUM (Assets Under Management ) under this category have grown exponentially from Rs.96 crore billion in March 2007 to Rs. 6000 crore as on June 2011. Now, about 12 asset management companies offer 12 Gold ETFs and 4 Gold FoFs in India. Globally, AUM of Gold ETFs has grown over USD 100 bn as on June 2011 as against USD 14 bn in April 2007.
Since the global credit crisis of 2008, gold has been consistently outperforming the equity market and eliciting enhanced investor interest. Between August 2008 and July 2011, gold has given an annualized return of 22.91% compared to 9.3% by S&P CNX Nifty.
The methodology for the CRISIL Gold Index and the daily index values are available on www.crisil.com
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