Day 3 - 6 May 2011
|Day 1 - 4 May 2011||Day 2 - 5 May 2011||Day 3 - 6 May 2011|
Redefining the role of gold
Reporting back: have views about gold changed?
In this session the three working groups will report back with thoughts from the previous day's discussions on portfolio re-balancing.
Understanding the BIS gold swaps
New directions for gold: exchange traded funds
Product Engineer, State Street Global Advisors Asia
A gold exchange-traded fund (ETF) is a vehicle that aims to track the price of gold. Since their inception five years ago, gold ETFs have rapidly grown in popularity among the institutional investment community as a way of investing in gold. As a new and innovative product that will take on increasing importance, it is useful for all members of the gold market including central banks to understand the key aspects of these vehicles. In this session experts in gold ETFs will discuss how these vehicles are structured, what opportunities they present for those who wish to hold gold in a more easily tradable form and their impact on the gold price.
The changing role of gold in reserves management
Led by the Chairman
The seminar will conclude with an open debate that brings together the threads of previous discussions. Each delegate will be asked to share their thoughts about what they have learned from the seminar and what lessons can be taken back to their home institution.
Lunch and course conclusion