Gold ETFs gear up for Akshaya Trithi

Gold exchange-traded funds (ETFs) have become popular over the years thanks to returns which have beaten stock indices and the convenience of holding the metal in electronic form. Fund managers expect to attract huge investments in ETFs on Akshaya Tritiya, which falls on April 24 this year. They hope for a 200% rise in sales this year over last year, surpassing a growth of 145% in 2011 over 2010. The turnover on National Stock Exchange, one of the major exchanges where ETFs are listed, was at Rs 846 crore in 2011 over Rs 345 crore in 2010.


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