Tuesday 24 March 2009

More exchange-traded funds in precious metals

The Dubai Multi-Commodities Centre may start more exchange-traded funds linked to precious metals this year.

The DMCC and the London-based, producer-funded World Gold Council created a gold-backed ETF that began trading in the emirate this month.

"We'll be adding more ETFs this year," DMCC Chief Executive Officer David Rutledge said in a March 17 interview. He declined to give further details.

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