North American Funds Dominated Global Gold ETF Inflows

SEATTLE (Scrap Monster): In September of this year, the exchange-traded funds (ETFs) backed by gold around the world saw their inflow streak reach five months. According to the World Gold Council's (WGC) most recent report, North American funds dominated the inflows.

In September 2024, inflows of $1.42 million were made into the global gold ETFs. At $271 billion, the total assets under management (AUM) increased by 5%. At the conclusion of the month, the total gold ETF holdings had climbed by 18 tonnes to 3,200 tonnes. The strong inflows over the previous five months turned the flows into a positive $389 million.

The WGC report states that during the previous month, the North American funds added $1.4 billion. The Asian funds added $175 million in September, extending their inflow run to 20 months. Due to the government's vigorous stimulus measures, investor interest in gold was diverted, which resulted in a minor inflow of capital into Chinese ETFs.

The gold exchange traded funds in Other Region witnessed fourth consecutive month of inflows, adding $120 million during September. The inflows were mainly driven by funds in Australia and South Africa.

Europe was the only region to see outflows in September, losing $245 million in assets during the month. UK funds constituted the majority of the outflows.

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