The asset management arm of Pantomath Group has filed for its first silver ETF following its recent move in gold as the white metal surpasses US$60/ounce for the first time.
The Welath Company (The Wealth) plans to launch a silver exchange-traded fund (ETF) to track the domestic price of silver in India, according to its filing to the Securities and Exchange Board of India (Sebi) on Monday. The fund will primarily invest in physical silver or silver-related instruments and potentially listed derivatives, such as silver futures. The proposal came on the heels of its pending launch of a gold ETF filed to Sebi last month. It marks the second ETF in the pip