Affected by the rebound of overseas epidemic and geopolitics and other factors, the international gold price has reached a new high, and the gold fund has performed well. Driven by the profit-making effect, the gold fund continues to expand.

This week ushered in the super week of the launch of new funds, new products in addition to equity and collection of new products, several gold funds are also eye-catching. Among them, Jianxin Shanghai Golden ETF and Guangfa Shanghai Golden ETF connection were launched yesterday, while Jianxin Shanghai Gold ETF connection Fund will be issued on July 15. In addition, Wells Fargo Shanghai Gold ETF Link Fund is in the process of issuing.

In fact, more gold funds have been set up this year than ever before. Since July alone, two have been established, namely Guangfa Shanghai Gold ETF and Wells Fargo Shanghai Gold ETF, with an establishment scale of 607 million yuan and 356 million yuan respectively. In April, three gold funds such as Huaxia's gold ETF, ICBC Credit Suisse's gold ETF and Qianhai open source's gold fund were established.

However, judging from the share of existing gold funds, the scale is generally small. Hua an Gold ETF, Boshi Gold, Yi Fonda Gold ETF and Cathay Pacific Gold ETF and other four earlier fund shares in more than 100 million.

One fund analyst said gold funds are an important asset allocation class for both institutional and individual investors. Take Jianxin Shanghai Gold ETF and linked funds as an example, the former mainly invests in Shanghai gold centralized pricing contracts, which is suitable for investors who have a large amount of capital and are accustomed to trading on the floor, with high investment efficiency and extra income through arbitrage trading. Investors with limited funds and accustomed to over-the-counter redemption can consider linking funds. "

Under the influence of risk aversion, the international gold price hit a new high last week. The price of COMEX gold due in August peaked at about $1830 an ounce, a nearly nine-year high and up nearly 20 per cent during the year.

A rising tide lifts all boats, and gold funds perform well. As of Friday, with the exception of the newly established fund, the average net worth of gold funds has risen nearly 17 per cent so far this year.

Some people in the industry said that affected by the epidemic, investors' risk aversion has increased, superimposed by the fact that most countries around the world maintain a low interest rate environment to stimulate economic recovery, and the investment value of gold assets is very prominent.

Looking to the future, some market participants said that under the catalysis of global economic fluctuations, monetary easing and many other factors, the gold investment market is still available. At present, overseas outbreaks have not been effectively controlled, and global economic and political uncertainties will continue to support market demand for risk aversion and become an important factor in the rise in gold prices. "it is expected that the Fed will continue to implement the tone of loose monetary policy in the second half of the year, which will lead to global monetary easing, so that there is still a solid foundation for gold prices to continue to strengthen."