finance
Global Gold-Backed ETFs Report $6.6 Billion Inflows in April
Global physical gold-backed ETFs recorded $6.6 billion in net inflows during April, reversing $12.0 billion in outflows from March. European funds led with $3.7 billion, followed by Asia at $1.8 billion and North America at $1.0 billion. Year-to-date inflows reached $19.0 billion, lifting total assets under management to $615 billion.
May 9, 4:16 PM·1m read1 source
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Global physical gold-backed exchange-traded funds posted $6.6 billion in net inflows during April, according to data reported by @KobeissiLetter. European funds accounted for the largest share at $3.7 billion, followed by Asia with $1.8 billion and North America with $1.0 billion.
Year-to-date through April, global gold ETFs have attracted $19.0 billion in total inflows. This activity increased total assets under management by 1 percent on a monthly basis to $615 billion. Gold holdings in these ETFs rose by 45 tonnes during the month to 4,137 tonnes, the third-highest level on record. The data indicate recovering demand for gold in ETF form after the sharp March decline.
The combination of inflows and rising gold prices contributed to the expansion in assets under management. The 45-tonne increase in physical gold holdings occurred alongside the $6.6 billion in new capital entering the funds during April.
