Gold ETFs Recorded Inflows for Sixth Month in a Row

SEATTLE (Scrap Monster):  The gold-backed ETFs recorded net inflows in April 2020 for the sixth consecutive month, says latest report published by the World Gold Council (WGC). The bulk of the inflows were driven by North America.

According to WGC, gold ETFs added around 170 tonnes in April, taking the holdings to a new all-time high of 3,355 tonnes. The monthly inflows were valued at $9.3 billion during the month. The assets under management (AUM) reached a new record high of $184 billion. The global inflows totalled 196.5 t, whereas the outflows amounted to 26.3t, thus resulting in global net inflow of 170.2t. The inflows have been consistent over the past several months. The rolling twelve-month inflows totalled 879 tonnes.

The gold ETFs listed in all regions experienced inflows, with strong inflows recorded by North American funds, which added 144 tonnes. The European funds added 20 tonnes, whereas the Asian funds finished the month with strong inflows of 2.9 tonnes. The funds in other regions added 3.3 tonnes.

Individually, the SPDR® Gold Shares and iShares Gold Trust in North America added 89.5t and 31.2t respectively. The European fund inflows were led by Invesco Physical Gold and iShares Physical, which added 13.9t and 7.2t respectively.

The assets in global gold-backed ETFs recorded growth during 11 out of the 12 past months, WGC noted.

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