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ETF outflows continue

Duncan Richardson, News Editor
17 Dec 2013, 10:53 a.m.

Outflows from the largest 14 exchange traded products (ETP’s) continues, and are expected to see their first annual decline since the products were first traded a decade ago. In total the funds have seen a 31% decline down to 1,813.3 tonnes. Experts are predicting that the outflow will continue into 2014 if the price of gold continues to slide. The amount held in ETP’s peaked on the 20th of December 2012 with 2,632.52 tonnes held.

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