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Exchange Trader Funds (ETF) Analysis
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Exchange Traded Funds | Reviews |
Written by Oil N' Gold |
Tue Mar 09 10 11:52 ET
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Global gold ETFs gained +0.58% to 56.28M oz in the week ended March 5. 6 out of 10 funds under our coverage showed inflows over the reporting period. For the rest of the funds, 2 showed decline and 2 were unchanged. Year-to-date however, modest outflow of around -1% is seen. During the same period last year, there was huge inflow to corresponding ETFs with each of SPDR Gold Trust and ZKB Gold ETF, the biggest and second biggest ETFs, recording over +30% increases in gold holdings during the period.
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