Inflows into gold-backed ETFs continue

Dec 06, 2018 - Funds Europe

Global gold-backed exchange-traded funds (ETFs) enjoyed a second consecutive month of inflows in November on the back of continuing stock market volatility, geo-political events and the under-performance of other commodities.

The World Gold Council’s report for November found that flows were positive across all regions in November, leading global gold-backed ETFs and similar products to add US$804 million (€705 million) in inflows to reach $92bn in total assets under management.