This is a financial derivative based on gold, which tracks the fluctuation of spot gold price, so the price performance is similar to the corresponding spot price.
2. Gold QDII Fund
This kind of fund mainly tracks the international gold price trend by investing in overseas ETFs and overseas gold stock funds, which will involve exchange rate fluctuations. Generally speaking, the tracking error is larger than the gold ETF, but when the dollar is strong, you can enjoy the exchange difference income.
3. Gold Theme Fund
In the asset allocation of such funds, some gold stocks in the A-share market will be heavily invested, so the net value of such funds will be affected not only by the fluctuation of gold prices, but also by factors such as the stock market and the subjective stock selection of fund managers.
Second, the gold market
1, United States: most countries and regions and official holders of international financial institutions deposit gold in the United States, of which more than 10000 tons are deposited in the Federal Reserve Bank of new york. The storage place is a huge underground gold maze, in which gold warehouses of various countries or institutions are scattered all over the place, but see the Golden Mountain Tower, resplendent and magnificent.
When gold needs to be delivered after the transaction, porters move huge gold bars or nuggets from the seller's warehouse to the buyer's warehouse. Because of the huge transaction volume, they move around every day according to the transaction demand, and they are really people who move Jinshan. The gold market in New York developed after 1975 abolished the gold control. With new york becoming the fourth largest gold processing center in the world, the New York gold market has become a link between gold producers and processors. Among them, gold bars often weigh 400 ounces or 100 ounces.
2. Switzerland: Switzerland's neutral status and its special banking system have created a free and confidential environment for gold trading, so Switzerland has become the world's largest gold transit station and private new gold storage center. Zurich Golden Pool consists of First Boston Bank (CSFB) and UBS Group AG. It is not under the jurisdiction of the government and does not implement the deposit system.
3. London: It is an old gold market, which consists of five traditional gold banks. The price of gold is fixed, once in the morning and once in the afternoon. The fixed price of London gold is almost the benchmark price of the world gold market. London's gold trading scale ranks first in the world.
4. Hong Kong gold market: 19 10 opened, which is the main gold distribution center and settlement center in the Far East, connecting the New York gold market and the European gold market.
5. Singapore Gold Market: Established in 1969, it rose due to the re-export conditions.
6. China Shanghai Gold Exchange: The establishment of China Shanghai Gold Exchange has made China's gold market, money market, securities market and foreign exchange market form a complete financial market system in China.
The gold futures markets mainly include COMEX and TOCOM, and the commodity exchanges in S? o Paulo, Chicago and Central America are also quite large.