Bringing you live news and features since 2006 

Gold holdings rise to a new all-time high, says ETF Securities

RELATED TOPICS​

ETF Securities’ physically-backed gold exchange-traded commodities saw a 236,220 ounce increase in gold holdings last week, the largest increase since the week ending 30 January.

Total gold holdings now stand at 7,322,420 ounces, a new record high, equivalent to USD6.8bn at the current gold price, the largest ETF/ETC gold holdings in Europe and the second largest in the world.

ETFS Physical Gold, Gold Bullion Securities and ETFS Physical Gold have seen over USD1.6bn of inflows since November 2008.

ETFS Physical Platinum (added 45,756 ounces (USD62m) of platinum holdings last week, the largest weekly increase since February 2008. The platinum holdings of ETFS Physical Platinum have increased 115 per cent since hitting a low on 21 November 2008. Total platinum holdings now stand at 290,095 ounces, equivalent to USD334m. ETFS Physical Platinum has returned 26 per cent so far this year.

ETFS Physical Silver also saw a surge of interest last week with a 951,049 ounce increase in holdings, the largest rise since September 2008 bringing total holdings to USD205m.

With oil prices having increased sharply over the past few weeks, it appears that some investors are taking profit with USD36m flowing out of ETFS Crude Oil and ETFS Brent last week. At the same time, ETFS Leveraged Oil and ETFS WTI saw inflows last week, indicating some investors believe the oil price rally has further to go.

ETFS Leveraged Oil saw USD14m of inflows, the largest weekly inflow in five weeks. Since 21 November, ETFS Leveraged Oil has seen USD144m of inflows, more than any other leveraged ETC. Trading volume year-to-date is USD601mn, making it the fourth most traded ETC in Europe. In February it was the third most traded ETF/ETC on the London Stock Exchange.

Investor interest in industrial metals also picked up last week with USD20m going into the sector. ETFS Industrial Metals saw the largest flows (USD10m), indicating many investors want broad access to the sector following better than expected global manufacturing data. ETFS Copper received the most flows of any single industrial metal ETC, with USD5m of flows. It is up 29 per cent year-to-date, the best performing classic ETC.

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by