SINGAPORE -- Standard Chartered and other prominent financial institutions in Singapore on Tuesday helped the city-state take another step toward becoming a precious metals hub by launching a gold fund.
Lion Global fund burnishes the city-state's precious metals hub ambitions
A fund that allows investors to put their money into physical gold was launched on Nov. 25; it is structured to track the London Bullion Market Association gold price. © Reuters
SINGAPORE -- Standard Chartered and other prominent financial institutions in Singapore on Tuesday helped the city-state take another step toward becoming a precious metals hub by launching a gold fund.