Tata Asset Management announces the launch of four new schemes i.e. 2 Exchange Traded Funds (ETFs) & 2 Fund of Fund (FOF): Tata Gold ETF an open-Ended Exchange Traded Fund replicating / tracking domestic price of Gold, Tata Gold ETF Fund of Fund, an open-ended fund of fund scheme investing in Tata Gold Exchange Traded Fund, Tata Silver ETF an open-ended Exchange Traded Fund replicating / tracking domestic price of Silver and Tata Silver ETF Fund of Fund an open-ended fund of fund scheme investing in Tata Silver Exchange Traded Fund in the month of January.
These funds will provide investors an opportunity to take exposure in gold and silver respectively, as an asset class with low transaction costs, high liquidity and low expense ratio, etc.
Speaking at the launch, Anand Vardarajan, Business Head – Institutional Clients, Banking, Alternate investments and Product strategy at Tata Asset Management said, “When you don’t know the risk, diversify. When you know the risk, hedge it. Precious metals like gold and silver help investors in hedging their risk and also diversify their portfolios. It offers ability to hedge against inflation and currency fluctuation and at the same time, being differently co-related, it helps in providing hiding space when equity and debt markets turn volatile.”