The price of gold even hit a new high, and the gold ETF also performed well. Huaxia Fund announced the listing of its gold ETF. A week ago, Qianhai Open Source Gold ETF and ICBC Gold ETF also successfully listed. Gold has always been an indispensable asset in asset allocation. Gold has the dual attributes of commodity and finance, diversified demand, low correlation with other assets, and has the characteristics of safety, stability and return. In particular, the current financial market volatility has intensified, and the original investment logic and asset allocation logic have undergone major changes.
Under the expectation of increasing uncertain risks in the future, the significance of gold allocation is more prominent. It is necessary to reduce the distribution and moderately increase it. In the long run, under the background that there are still many global risk factors and the economic recovery of US stocks is difficult to stabilize, gold still has certain allocation value in the future, but the income space is downward. Its trading rules are mainly to choose trading platforms. Trading time is basically the same as that of stocks, and it can be more abundant. These two time periods can be consistent with the trading time in the United States, which is more conducive to obtaining international information.
Part of the transaction cost of gold ETF. It mainly includes the trading commission charged by securities companies, the trading spread of gold ETF products and the management fee of gold ETF funds. This is the composition of its transaction cost. Compared with other financial products, its cost is relatively low and it is suitable for some investors with less funds. Domestic investors know little about gold ETF funds, but gold ETF funds are very popular in overseas markets.