Global gold-backed ETF flows April 2021
Gold ETF outflows continue, but Slow with gold price strength Recently the World Gold Council ( WGC) published its report on, Global gold-backed ETF flows April 2021 & said about the April highlights that, global gold ETFs lost 18.3t tonnes (t) (-US$1.1bn, -0.6% AUM) in April, marking outflows for five of the past six months. However, global outflows slowed significantly, as European funds added assets for the first time since January. Global assets under management (AUM) stand at 3,567t (US$203.0bn), after slipping below $200bn for the first time in over a year during March. Since the peak asset levels in November 2020, gold ETF AUM has fallen nearly 14%, with 8% coming from outflows and 6% coming from the gold price selloff in US dollar terms. April regional overview: North American funds, particularly in the US, represented nearly all the global outflows as the region lost 28.4t (-US$1.