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TrackInsight: Investors pile into Gold ETFs

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07/24/2020 | 10:00am EDT

Gold ETFs recorded a massive daily inflow yesterday.

Once again, the TrackInsight segment dedicated to Gold ETFs recorded a massive daily inflow yesterday (Thursday, July 24th) with almost $ 700 Bn of net assets invested in its 62 ETFs. Week-to-date, investors added $ 2,6 Bn in this segment which continues to climb in terms of performance. It won almost 6,78% over the last 30 days, bringing the cumulative performance for 2020 to 23,24% while it was close to zero at the end of March. Gold prices rallied sharply and reached their highest level since 2011 as investors continue to pick safe-haven assets to hedge against near-zero rates, growing economic risks, and inflation. The Gold segment on TrackInsight now represents 191,2 Bn of assets under management.

Download the TrackInsight 2020 Global ETF Survey.


© www.trackinsight.com 2020
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