Offering raises more than US$270 million
Options writing has produced returns as much as 200% or more vs simply holding gold or gold stocks
Flaherty attends ribbon cutting during visit to India
Trust to invest in physical gold bullion
Driving the investment demand for the precious metal is the fear that the U.S. dollar will be devalued further
Open-ended “bullion only” fund can be purchased and redeemed daily
Inflows into fixed income funds have hit record high levels
Research suggests it should represent only a modest portfolio allocation
Lead manager for the fund will be Benoit Gervais
Gold mining companies expect prices to continue to rise in 2010