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Updated 16:48 23/09/20

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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.

View original source at: www.investmentweek.co.uk

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