https://www.engineeringnews.co.za

Gold-backed ETF holdings grew 14% in 2019

8th January 2020

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Global gold-backed exchange-traded funds (ETFs) and similar products had $19.2-billion, or 400 t, of net inflows in 2019 after holdings rebounded in December, the World Gold Council (WGC) reports.

Collective ETF holdings reached all-time highs of 2 900 t in the fourth quarter.

Overall, global gold-backed assets under management (AUM) grew by 37% in dollar terms during the year as a result of positive demand, combined with an 18.4% increase in the gold price.

From a regional perspective, North American funds had inflows of 206 t ($10.1-billion, 14.4% AUM). The WGC points out that low-cost gold-backed ETFs in the US have seen positive flows for 18 of the past 19 months and increased their collective holdings by 60%.

Holdings in European funds increased by 188 t ($8.8-billion, 13.6%), while funds listed in Asia were nearly flat, losing 0.1 t ($12-million, 0.3%).

All other regions had combined inflows of 6.3 t ($311-million, 16.3%).

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.06 0.991s - 140pq - 2rq
Subscribe Now