The fund tracks the performance of the London Bullion Market Association (LBMA) Gold Price AM and invests in LBMA Good Delivery gold, i.e., gold bars produced by refineries which meet LBMA’s quality and purity standards.
Investors in Singapore may start investing in Singapore’s first physical gold fund launched by Lion Global, with MariBank customers being able to start investing from as low as $1 on the digital bank's app.
Unveiled on Nov 25, the LionGlobal Singapore Physical Gold Fund is backed by physical gold that is securely stored and insured in the island-state. During the fund launch, the media were given a tour of the vault used for gold storage. Featuring robust security features, the vault also safekeeps other high-value items such as rare artwork.
