Analyzing the Rapid Growth of Gold Investment ETFs
NH-Amundi Asset Management's 'HANARO Global Gold Mining Companies ETF' has crossed over 100 billion won in net asset value, showcasing impressive growth. This ETF invests in global gold mining company stocks, boosted by rising gold prices and stable oil prices, leading to substantial profitability gains. Over the past year, it recorded a remarkable 188.81% return, with individual investors contributing over 32.5 billion won in net purchases.
Amid increasing economic uncertainties and geopolitical risks, the demand for gold as a safe haven asset is on the rise. Despite gold mining company stocks being undervalued, the ETF’s performance has outstripped the KRX Gold Spot Index. NH-Amundi's portfolio includes major global gold mining entities like Newmont, Agnico Eagle Mines, and Barrick Mining, offering potential for long-term value appreciation.
Additionally, other gold-related ETFs, such as 'ACE KRX Gold Spot,' are drawing significant attention in the market by leading gold price increases. The massive capital inflow into gold-related ETFs is acting as a driving force for sustained gold price expansion while offering investors advantages like low fees and trading convenience. The popularity of gold ETFs is expected to continue in the future.
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