The World Gold Council is working actively with Mitsubishi Corporation and Mitsubishi UFJ Trust and Banking Corporation, among other financial institutions, to ensure greater understanding about gold’s risk diversification properties. Gold Exchange Traded Fund (ETF) assets are set to expand significantly in Japan. Our investor focus is on pension funds and high net worth pensioners, with whom Mitsubishi have extensive relationships.
Mitsubishi Corporation is the largest general trading house in Japan. Its precious metal division is active both in the wholesale and retail gold markets. It runs the largest gold trading team in Japan and as such acts as market maker and custodian of the Gold ETF. Its main retail product is the Gold Accumulation Plan (GAP) and it rolls out extensive media promotion together with the World Gold Council. Mitsubishi is the largest “keiretsu” or business group in Japan.