"We see downside risks building for gold's price," analysts from Morgan Stanley said in a note, citing higher yields next year in addition to Covid-19 vaccines
But active investment still holds the edge among individual investors
ETFs have been a favoured strategy for the government, with around 80 per cent of last fiscal year's sale proceeds coming from such transactions.
Fund houses have launched ETFs in both equity and debt segments
In the past five months of FY21, AUM have surged more than Rs 60,000 crore, or 41%
Inflows in August came despite gold price coming off its all-time high, though it has risen 30% in the first eight months of the year
Organisation is considering crediting interest rate in a staggered manner with the remaining 0.35% to be paid in December 2020
Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year, according to a Bloomberg News calculation
The total outflow from the category has reached to $6.5 billion so far in this calendar year (until June 2020), which is noticeably higher than the $5.9 billion outflow in the full 2019 calendar year
Eliminate all those funds from your selection universe where the expense ratio is extremely high
It is not all gloom and doom. The rural economy has held up quite well and we should start appreciating it even more, says Sharma in an interview with Puneet Wadhwa
The second series of ETFs were launched with a green-shoe option of an additional Rs 11,000 crore over and above the base issue size.
Dangers of global liquidity glut are the same as the last crisis
International funds delivered 6.8% returns in one year, against large drawdowns in domestic funds
In comparison, a net outflow of $2.1 billion was witnessed during the quarter ended December
As per Amfi data, investors put in a net sum of Rs 1,613 crore in 14 gold-linked ETFs in the just concluded financial year, while they had pulled out Rs 412 crore in 2018-19.
A total of 72 ETFs with $1.4 billion in assets shut down and returned their money to investors in the first quarter as the coronavirus outbreak roiled markets
Whenever there is a high level of fear or panic, either in the economy or the markets, money tends to move into gold.
Movng to stronger, more diversified ones will be prudent
Listed emerging market flows were negative for all countries, except Brazil and Russia.