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spookysilver @spookysilver on x XXX followers
Created: 2025-07-25 08:52:53 UTC
In India, we have $7.3bn in Gold ETFs as of XX Jun 2025, of which XX% comes from Gold FoF...
What does a Gold FoF do? Invest XXX% aum in the same fund house's gold ETF...for which it charges X% p.a. on top of ETF fee...
So why does $2.4bn sit in FoF? Paying $24mn pa fee "for no reason"? Its a Serious Question! (and I hope, genuinely, someone can help me with an answer)
I guess investments, by retail AND institutions, take logic only as one of the inputs, and not a weighty one at that...
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Related Topics $24mn $24bn fund manager investment $73bn india