March 2013 Vol. 18 No.3
MPF diversifies investment range with ETFs
Category: Global
State Street Global Advisors (SSgA) has announced that the SPDR Gold Shares, which is backed 100% by physical gold, has been approved as a ‘permissible MPF investment’ for Hong Kong MPF constituent funds by the Mandatory Provident Fund Schemes Authority (MPFA), allowing scheme providers to invest up to 10% of each constituent fund in SPDR Gold Shares.
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