Gold-backed ETFs increased by 9.1t in November to 2,357t in global holdings – World Gold Council

Global holdings of gold-backed ETFs rose by 9.1 tonnes to 2,357 tonnes in November, with Europe leading the way, the World gold Council said in a latest report.

Europe led inflows in November, as investors added 15.8t ($622mn, 1.5% AUM) of gold through funds listed in the region. There were outflows for a second month in a row in North America of 5.4t ($198mn, 0.38% AUM), the WGC said.

Individual fund flows

· iShares Physical Gold ETC added 7.0t ($292mn, 3.1% AUM)

· db Physical Gold Euro Hedged ETC added 5.3t ($195mn, 14% AUM)

· UBS ETF CH-Gold CHF hedged added 4.2t ($163mn, 19% AUM).

· db Physical Gold ETC EUR added 2.3t ($95mn, 18% AUM).

· SPDR® Gold Shares led outflows worldwide and in North America with 11.2t ($451mn, 1.3% AUM) coming out of the fund

 

Year-to-date trends

· Global gold-backed ETFs collectively hold 2,357t, as funds added 198t of gold, equivalent to $8.5bn, so far, this year, which represents an increase of 8.3% of global AUM from December 2016.

· European funds continued to lead inflows and captured 75% of global inflows this year, adding 143t (US$5.7bn, 14% AUM) of gold to their holdings in 2017

· German-based ETFs account for 34% of global net inflows in 2017. Xetra-Gold alone accumulated 53.3t (US$2.1bn) – a 49% increase year-to-date. However, these funds’ growth halted over the past two months.

 

Prashant has worked in the publishing industry for 17 years. His keen interest in commodities developed while working for organisations such as like Thomson Reuters, Wolters Kluwer & McGraw-Hill eventually brought him here. In his free time, Prashant consults with businesses in the digital space.

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