BlackRock’s Global ETP flows report for February 2020 finds that the last week of February ranked as the worst week for equity outflows since records began in 2011, with investors selling USD31.5 billion.
Commodities & Resources
The Royal Mint Physical Gold Securities ETC (RMAU) has listed on London Stock Exchange. The ETC is designed to offer investors an effective way to access the gold market as it tracks the physical price of gold.
Invesco has reduced the annual fixed fee on the USD7.6 billion Invesco Physical Gold ETC, one of the firm’s largest exchange-traded products (ETPs) listed in Europe.
December 2019 saw LGIM launch a US equity version of its Responsible Exclusions ETF, designed for investors who are seeking a dynamic approach to ESG exclusions, but also want to maintain a broad market exposure.
China Post Global’s gold mining ETF, the NYSE ARCA GOLD BUGS INDEX UCITS ETF, has outperformed what has already been a huge bull run this year in gold, achieving 43 per cent over the last 12 months, double the performance of the physical gold price over the period.
Gold-backed ETFs or ETCs hit their third straight month of momentum in August according to The World Gold Council, with USD6 billion of net inflows into the precious metal in ETC form.
First it has been gold hitting record highs and now Nitesh Shah, Director, Research WisdomTree comments that silver is on the same path.
Shah says: “Silver has followed gold’s coattails higher, surpassing forecasts and snapping out of a pessimistic period that had besieged the metal in the first five months of 2019.
Gold is still very much on the investor agenda with the gold futures market at 346,000 net long contracts this week, says Nitesh Shah, director – research at WisdomTree.
Over 10 years since its launch, VanEck’s alternative energy ETF has received a rebrand to reflect the changing nature of the sector as driven by investors looking for low carbon investment opportunities.
ETFs Down Under have pushed through the AUD50 billion milestone for the first time at the end of June, according to Australian ETF provider BetaShares.