-->From Xinhuanet via ChinaView.cn
Thursday, January 26, 2006

http://news.xinhuanet.com/english/2006-01/26/content_4104470.htm

NEW DELHI -- The Securities and Exchange Board of India, India's
marker regulator, amended its regulations, allowing mutual funds to
launch gold-exchange traded funds (GETF), newspaper Daily News and
Analysis reported Thursday.

A gold-exchange traded fund unit would be like a mutual fund unit.
It would be held mostly in dematerialized form. An investor would
get a securities certificate given by mutual fund running the GETF
defining the ownership of a particular amount of gold.