Gold-backed ETFs attract strongest inflows since early 2017
JOHANNESBURG (miningweekly.com) – Gold-backed exchange traded funds (ETFs) added 72.2 t to their holdings in April, taking overall holdings to 2 481 t.
According to the latest statistics by the World Gold Council, this is the strongest month of net inflows in more than a year.
Growth in global holdings was led by significant North American and European inflows and supported by a small increase in Asia.
North American and European funds saw solid net inflows of 44 t and 26 t, respectively, in April.
SDPR gold shares and iShares gold trust took the lion’s share of North American inflows, increasing 25.1 t and 17.1 t during the month.
Inflows in Europe were led by Xtrackers Physical Gold, Invesco Physical Gold, Xetra-Gold and ETFS EUR Daily Hedged Physical Gold.
Total fund holdings in Asia rose by 2.4 t to 80.2 t, while funds in other regions had a marginal loss of 1 t or 3% of assets.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation