World Cold Council issues gold back ETF analysis

MINEX FORUM | September 6, 2017 | Views: 23

World Gold Council issued monthly analysis of gold-backed ETFs and similar products with detailed information and insight on global trends of gold investment demand through ETFs.

Regional fund flows

  • North American ETFs drove global inflows in August as investors added 27.8 tonnes ($1.3bn, 2.6% AUM)
  • Flows in Europe were mixed with a net increase of 6.4t ($321mn, 0.78% AUM)
  • Asia funds lost 2t ($80mn, 3.0% AUM), with many of the Chinese gold-backed funds losing assets

Individual fund flows

  • In North America, SPDR® Gold Shares led inflows with +22.4t ($1.03bn, 3.2% of AUM), followed by iShares Gold Trust with +4.6t ($266mn, 3.1% of AUM).
  • European inflows were driven by Source Physical Gold +6t ($245mn, 5.5% of AUM) and ETFs Physical Gold +2.1t ($109mn, 1.87% of AUM).

Year-to-date trends

  • Global gold-backed ETFs collectively hold 2,295t and added 143.5t, equivalent to $5.3bn so far in 2017. This represents an increase of 5.5% of global AUM.
  • European funds continue to lead inflows accounting for nearly 79% of all inflows during the year.
  • European funds have increased their AUM by 12% on the year, while Asian funds have lost 16% of their assets.

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