investment in the local market. The proposed revision would allow establishment of two special types of mutual funds ? ?gold fund? (physical gold fund) which would invest directly in local gold bullions, and

which case the central bank?s permission for offshore investment quota is required, and (2) Gold ETF that invests directly in domestic gold bullions, in which case quality guarantors and qualified gold

which case the central bank's permission for offshore investment quota is required, and (2) Gold ETF that invests directly in domestic gold bullions, in which case quality guarantors and qualified gold

passive management. These shall include ETFs whose investment policy aims to generate returns for investors according to the price movement of physical gold bars (Gold ETF) or through investment units of