ETF funds lose 50% of Assets under Management
Duncan Richardson, News Editor
9 Jan 2014, 9:03 a.m.
2013 was a terrible year for gold exchange-traded funds, with Assets Under Management (AUM) dropping by almost 50%. The 28% drop in the gold price partially attributed to the decline in AUM, but 54% of the declines has been attributed to investor outflows. Outflows peaked in quarter two of last year as the US Dollar strengthen, interest rates climbed and the demand for gold declined.