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Tokyo bourse says to list gold ETF on June 30

Thu Jun 12, 2008 10:55pm EDT

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TOKYO, June 13 (Reuters) - The Tokyo Stock Exchange [TSE.UL] will list a gold exchange-traded fund (ETF) that is backed by bullion on June 30, the bourse said in a news release on Friday.

The ETF, which is sponsored by a subsidiary of World Gold Council and whose marketing agent is State Street Global Markets (STT.N), is currently traded on the New York Stock Exchange as well as bourses in Mexico and Singapore.

Japan's biggest bourse has been studying the possibility of listing bullion-backed ETFs as a means of offering a broader variety of listed financial products to attract more investors.

(Reporting by Miho Yoshikawa and Risa Maeda)



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