India Mulls Expanding Pension Investments to Include Gold ETFs

India’s pension regulator is considering easing investment restrictions after portfolio managers pushed for new ways to boost returns on a rapidly growing pool of retirement money, according to people familiar with the matter.

Retirement fund managers met senior officials from the Pension Fund Regulatory and Development Authority in a series of meetings late last month and requested permission to invest in gold ETFs, the people said, asking not to be named discussing private matters. The regulator is considering the proposal, and has sent draft language on gold investments to the funds for feedback, the people said.