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Edelweiss AMC’s Gold and Silver ETF Fund of Fund opens for subscriptions today

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Edelweiss Asset Management Ltd has launched ‘Edelweiss Gold and’ Silver ETF Fund or Fund‘, which opens for registration today and closes on September 7.



Edelweiss Gold and Silver ETF Fund of Fund is suitable for investors looking to invest in asset classes that can help portfolios during the downturn. It can help investors offset volatility in their stock portfolios. Both metals have underperformed in recent times and the dollar index, which has an inverse correlation with gold and silver may weaken in the near term, therefore now could be a good time to invest in gold and silver,” said Radhika GuptaMD & CEO Edelweiss Asset Management Limited.

Gold and silver have proven to be popular investment vehicles in modern times as they provide a hedge against inflation.

These precious metals also have a low correlation to stocks and therefore offer you a better diversification. Compared to physical gold and silver, the Mutual Fund structure offers greater convenience, affordability and liquidity.

A mix of gold and silver is ideal, as gold does well during the recession, while silver does better during bullion bull rallies.

Both offer a good hedge against inflation over the long term and have a low correlation with equities.

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