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  Western funds, divided almost between N. America and Europe    Global physically backed gold ETFs saw further inflows in July, adding US$3.2bn. July inflows came mainly from Western funds, divided almost equally between North America and Europe. Asia saw slight inflows while other regions experienced mild outflows. It is worth noting, global inflows are currently on pace for their second strongest year on record.    Boosted by continued inflows and a higher gold price, global gold ETFs’ total assets under management (AUM) rose further by 1% to US$386bn, another month-end high. Collective holdings increased by 23t to 3,639t, remaining the highest month-end total since August 2022.    North America attracted US$1.4bn in July, bringing y-t-d inflows to US$22bn, on pace for its second-strongest annual performance. While flows remained positive, they did slow m/m. We attribute this to a short-term rebound in the dollar and a rise in rates, as ...

Western activity picked global backed gold ETFs up in July   Recently, World Gold Council (WGC) published the Gold ETF Commentary, Western activity picked up in July report. Further in their; July in review, the WGC suggest that global physically-backed gold ETFs have now seen inflows three months in a row, adding US$3.7bn in July.   Notably, all regions reported positive flows this month with Western gold ETFs contributing the most. A combination of the July inflow and a 4% rise in the gold price pushed total global assets under management (AUM) 6% higher to US$246bn, a new month-end record.3 Collective holdings concluded July with a 48t increase, reaching 3,154t. Successive inflows over recent months have narrowed the y-t-d loss in global gold ETFs to US$3bn. And while collective holdings have fallen by 72t (-2%) so far in 2024, their total AUM rose by 15%, supported by a 17% increase in the gold price.  European and North American funds remain on the red for th...

Gold ETFs March remained 21% lower MoM   In the March in review of Global physically backed gold ETFs for World Gold Council (WGC) said, Outflows from global gold ETFs continued in March, but at a much slower pace than previous months as North American and Asian inflows cushioned European losses.   WGC witnessed their tenth consecutive monthly outflow in March, losing US$823mn. But by comparison this is far less than February outflows (-US$2.9bn) and the average of the past nine months (-US$2.4bn). Collective holdings fell by 14t to 3,112t by the end of March, the lowest since February 2020 and 21% lower than the month over month (MoM). The month-end record lower that of 3,915t in October 2020.  However, helped by a jump in the gold price, total assets under management (AUM) rose to US$222bn, an 8% increase during the month, the highest in 21 months. All regions except Europe saw inflows in March.  Flows in North America flipped back to positive for the first tim...

2022 likely increase the need for a high-quality liquid asset such as gold Physically backed gold ETFs saw global outflows of 173 tonnes (t) (-US$9.1bn, -4.0% AUM) in 2021. Collective gold holdings were down 5% to 3,570t for the year, while assets under management (AUM) in value terms dropped 9% to US$209bn as net outflows were compounded by a 4% contraction in the gold price.  Despite considerable outflows for the year, gold ETF holdings remain significantly above pre-pandemic levels, as they posted record inflows of approximately 875t (US$49bn) during 2020. Losses in 2021 were driven by North American funds, which never recovered from their significant outflows in Q1, ultimately registering outflows of nearly US$11bn (-200t) by year-end.  The bulk of these outflows were from large US funds whose assets fluctuated in tandem with the gold price. Conversely, European ETFs turned positive in the second half of 2021 amid rising inflation expectations, ending the year with margina...

  Report on Global gold-backed ETFs published A popular gateway to the gold market!   The World Gold Council (WGC) published, Global gold-backed ETFs: A popular gateway to the gold market, report & said, “Recently, gold has become globally accepted as a strategic asset amidst a high-risk and low-rate environment spurring investment demand and the expansion of the gold-ETF market.” The increased quantity, size and location of gold ETFs have provided easier and more efficient access for investors allowing them to utilise many general advantages of ETFs.  While there are numerous ways for investors to own gold, such as bars, coins, derivatives, over-the-counter (OTC) instruments and gold stocks, many have embraced gold ETFs for qualities such as cost efficiency, transparency, and liquidity.   The growth and evolution of gold ETFs have already helped advance the broader gold market and are likely to continue to do so, providing additional support for the role of ...

  Gold ETFs surpass 1,000 tonnes in September   Gold-backed ETFs and similar products (gold ETFs) recorded their tenth consecutive month of net inflows during September, matching equivalent stretches in 2008 and 2016. Gold ETF holdings increased by 68.1 tonnes (t) (US$4.6bn) or 2.0% of assets under management (AUM) despite gold’s worst monthly price performance since November 2016.   Global net inflows of 1,003t (US$55.7bn) in 2020 have led overall gold investment demand and taken the gold ETF holdings universe to a fresh new all-time high of 3,880t and US$235bn in AUM.     In a Monthly regional overview, gold was one of several major assets, including stocks and broad-based commodities, that started the quarter strongly, reversed course in September, but closed the quarter higher. This was mirrored by a stronger US dollar that finished the quarter nearly 4% lower. North American funds led global inflows once again, up 34.6t (US$2.2bn, 1.8% AUM). After see...