Gold-backed ETFs record eleventh month of consecutive inflows
Gold-backed exchange-traded funds (ETFs) and similar products (gold ETFs) recorded their eleventh consecutive month of net inflows in October, matching the record number of positive monthly flows set in April 2006, reports the World Gold Council (WGC).
Gold ETF holdings increased by 20.3 t, $1.4-billion or 0.6% of assets under management (AUM) during the month as the gold price moved mostly sideways, finishing slightly below $1 900/oz.
The WGC points out that 20.2 t of inflows came from European funds, with North American funds having added 1.8 t and Asian funds 1.1 t.
Funds listed in other regions experienced significant outflows relative to their size of 2.8 t, it adds.
Net inflows of 1 022 t ($57.1-billion) this year, so far, have driven global gold ETF holdings to a new all-time high of 3 899 t (or $235-billion in AUM).
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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















