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Deutsche: Gold ETPs See €1.4B Outflows

Gold exchange-traded products have witnessed outflows of over €1.4 billion since the start of 2011, according to Deutsche Bank.

Gold exchange-traded products (ETPs) have witnessed outflows of over€1.4 billion since the start of 2011, according to Deutsche Bank, IFA Online reports. Commodity ETPs have experienced an overall drop of 0.4% in overall assets under management on the back of precious metal outflows.

In 2011, assets in European non-precious metal ETCs have increased 20.6%. Deutsche Bank’s Global Equity Index & ETF Research found that apart from gold, no other commodity sub segments have seen outflows in any week of 2011 up to February 18.

Click here for the story from IFA Online.



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