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
· 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.