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Value Gold ETF

  • Value Gold ETF (the “Fund”) is a fund listed on the Stock Exchange of Hong Kong Limited (“SEHK”), which aims to provide investment results that closely correspond to the performance of the London Bullion Market Association Gold Price.
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Value China A-Share ETF

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  • 【信報】假金案引憂慮 黃金ETF有保障 (Chinese only)

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【信報】假金案引憂慮 黃金ETF有保障 (Chinese only)

 

近期一則有關武漢金鳳珠寶的「假金」新聞,引起人們對投資黃金安全性的擔憂,在選擇投資夥伴時或更留意其信用情況、投資往績、黃金儲存庫之保安水平,以及相關投資產品的結構。

事發公司為了籌措資金,自2015年開始將83噸黃金分批存進十多家銀行進行抵押貸款,每一次都獲銀行驗證為「真金」才放入夾萬,但後來偶然之間被驗出是「假金」,引起一片嘩然。

金鳳投保增信用度

該公司為增強信用,甚至還向中國人保集團投保,由該險企參與鑑定及提供保單保障,「黃金質押+保單增信」的雙重模式看似非常安全,令武漢金凰成功從信託等金融機構獲得逾300億元人民幣的貸款額度。

直至今年受疫情影響,武漢金凰的部分貸款違約時,其抵押的黃金被借款機構拍賣時,方才檢測出是表層鍍金內部卻為銅合金的「假金」。

大家可能對該公司並不熟悉,但實際上它是一間於美國納斯特上市的中概股,它雖不經營金舖零售業務,但卻是中國最大的金飾製造商,為不少連鎖金舖供應產品。

黃金ETF安全級別高

擁有如此實力的上市公司亦爆出此種問題,令投資者不得不重視黃金投資的安全問題。目前,市場上有多種投資黃金的方法,但安全級別高、愈來愈受歡迎的則屬黃金ETF。因為黃金ETF有以下幾大特色,令其相較於其他黃金投資方式更具安全性。

多條款嚴限持金投資

當中特色包括:必須有實金支持;不允許借用信託資產進行借款;存託的黃金必須由倫敦金銀市場協會(LBMA)批准的合資格精煉廠生產;只能持有符合LBMA良好交付標準、成色最低為99.5%的黃金;在投資上,黃金ETF亦有諸多明確限制,如只能投資於金條;不得投資期貨合約或任何金融衍生工具;不能持有證券;不得做空;不得授予任何個人特別權益;不得將金條借出或借貸;不得對任何人的債務進行擔保等;託管人需每天報告儲存黃金狀況。

因為以上諸多嚴格限制和條款,令黃金ETF的安全性非常高。而且,黃金ETF兼備靈活性、高透明度、低門檻等優點,令其成為投資者分散風險,捕捉黃金升值潛力的首選工具之一。

 

刊登於2020年7月8日信報惠理基金專欄。

本文提供之意見純屬盛寶資產管理香港有限公司之觀點,會因市場及其他情況而改變。以上資料並不構成任何投資建議,亦不應視作投資決策之依據。所有資料是搜集自被認為是可靠的來源,但惠理不保證資料的準確性。本文包含之部分陳述可能被視為前瞻性陳述,此等陳述不保證任何將來表現,實際情況或發展可能與該等陳述有重大落差。刊發人:盛寶資產管理香港有限公司

 

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