BlackRock to launch EM ex China ETF on ASX
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Cash ETFs are attracting high inflows as investors flock towards liquidity and defensive strategies in their investment portfolios, driven by structurally high inflation and market uncertainty.
The ETF is backed by gold bullion held in vaults by BlackRock and the price upon listing will follow the London Bullion Market Association gold rate.
The BlackRock iShares Physical Gold ETF (GLDN) will soon be available to financial advisers and investors, offering exposure to physical gold at a low cost.
The market is now fully priced for another rate hike by the Reserve Bank before May, but some analysts say Australia’s fight against inflation may be “underdone”.