Page 10 - Gold Etfs

Investors continue to exit from gold ETFs, withdraw Rs 8.35 bn in FY18

Trading in gold ETF segment has been lukewarm during the last five years

Investors withdraw Rs 7.7 bn from gold ETFs in FY18 so far on poor returns

In January, a net amount of Rs 1.1 billion was withdrawn from the instrument

Gold exchange-traded funds see Rs 200-cr outflow in Q1; asset base down 22%

Equity and ELSS saw an infusion of more than Rs 8,000 crore during the first quarter of 2017-18

Investors exit gold ETFs, withdraw Rs 695 crore in 11 months

Asset base of gold ETFs dropped to Rs 5,766 crore at end of Feb from Rs 6,346 crore in March-end

Gold ETFs record Rs 942-cr outflow in 2016

The outflow meant AUM of gold funds plunged by more than 4% during the period under review

Gold ETFs losing sheen as equity ETFs glitter

Domestic investors are shying away from taking gold exposure via exchange traded funds (ETFs), but the popularity of equity ETFs is soaring, monthly flow data provided by sectoral body Amfi shows. Gold ETFs have seen net outflows every month, barring April, with a net outflow tally of Rs 1,371 crore for the year so far. On the other hand, equity ETFs continue to see encouraging flows, month on month. In the first nine months of 2016, equity ETFs have seen net inflows of Rs 16,400 crore compared to around Rs 2,120 crore during the same period last year. ETFs are passive investment products, which track an underlying security, such as gold, or a basket of securities such as bank index. For instance, the Nifty 50-based ETF, the most popular in the equity segment, mimics the performance of the Nifty 50 index. In the developed world, ETFs are popular investment vehicles given their low costs, and the trend is catching in India, experts say. ETFs tied to gold are losing interest as investors