Britain'S "Off Europe" Is A Big Thing. Domestic Gold ETF Volume Starts To Soar.

In June 24th, the referendum of Britain's "off Europe" results in a terrible wave in the global capital market, and a large influx of hedge funds such as gold and yen has led to a sharp rise in gold and yen exchange rates.

And from home, driven by risk aversion, the volume and price of gold ETF have both broken the record.

The industry suggested that under the background of global market volatility, gold related theme funds can be allocated for a long time.

According to historical data, when risk events come, gold has a certain risk avoiding function due to its low correlation with other financial assets such as stocks and bonds, and is favored by all kinds of funds.

After the announcement of the British referendum "off Europe", the gold market was significantly shaken.

In June 24th, gold jumped 8.1% to $1358.54 an ounce, the highest since March 2014.

Gold trading is also very active, gold ETFs data show that as of June 24th, the world's largest gold ETF - SPDR Gold Trust gold positions amounted to 934.31 tons, an increase of 18.41 tons compared with the previous trading day, a record high since July 2013.

In fact,

The hedging property has appeared many times this year.

During the long holiday of the Dragon Boat Festival, the United Kingdom took the lead in supporting the European referendum, which triggered the global asset market turbulence and gold prices also rose.

From the perspective of gold ETF holdings, in June 14th, SPDR Gold Trust holdings had approached 900 tons mark, reaching 896.29 tons, an increase of nearly 100 tons over the 802.65 tons in late April.

And domestic gold ETF also ushered in a wave of volume and price rise.

The Shenzhen stock exchange information shows that the highest gold price of ETF (159934) in Yi Fang Da reached 2.935 yuan in June 24th, 6% higher than the previous highest paction price. As of the close of the day, Yi Fang Da gold ETF rose 4.53%, the highest closing price since the establishment of the fund.

At the same time, the total turnover of Yi Fang Da gold was also a record high, reaching 230 million yuan, 1 times higher than the previous single day turnover.

In addition, in other gold ETF listed in China, there were 2 products in June 24th.

And volume has also reached a record high.

The trading volume of the LOF was about 20 times that of the day.

Insiders said that investment in physical gold may face other costs and relatively high threshold, by way of gold ETF, gold ETF connection fund and gold.

Or a more feasible way to invest in the gold market.

Take gold ETF as an example, according to Jinan Jinxin fund evaluation center, as of now, there are 4 gold ETF products in the public fund, namely Cathay Pacific gold ETF, Huaan Yi Fu gold ETF, Yi Fang Da Jin ETF and Boshi gold ETF, all 4 gold ETF are based on the Shanghai gold exchange Au99.99 asset allocation.

According to the insiders, gold ETF is traded through the floor. Investors with securities accounts can buy or buy redemptions in the field, making it easy to freely switch investments with assets such as stocks and field funds.

From the proceeds of the public offering fund in 2016, the performance of the gold ETF variety was excellent, and the average net growth rate of the fund was more than 21% this year, and the largest retracement was low, which achieved a steady rise.

At the same time, because such funds are traded on the spot, a discount premium will be generated by supply and demand, and investors can also arbitrage.

In the short term, by the British referendum event, investors' risk aversion increased and gold prices rose. The 4 gold ETF rose nearly 7% in the last 15 trading days.

The gold ETF connection fund is mainly targeted at the development of OTC investors, especially for bank customers, so that customers can freely switch investments in other banking purposes such as bank capital system and deposits.

At present, the largest fund in China is the ETF connection of Yi Fang Da gold. In May 2016, the initial scale was 756 million yuan, and it was sold well after the open purchase in May 30th.

The gold theme Fund issued earlier, mainly investing in overseas gold ETF, indirectly sharing the price of gold.

At present, the QDII funds that invest in overseas gold assets mainly include Yi Fang Da gold theme, Jiashi gold, noan global gold, huitianfu gold and precious metals, etc. this year the average increase is nearly 18%.