The assets under management (AUM) of ETF Securities (ETFS) have risen 52 percent over the past 12 months because investors are shifting to gold in the wake amid economic uncertainty and financial market volatility, ETF Express reports. ETFS’ AUM topped $30 billion. As at the end of August, the firm’s physically backed precious metal exchange-traded products (ETPs) accounted for 74 percent of its AUM.
Thematic exchange-traded funds and currency exchange-traded commodities added nearly 25 percent of the company’s total AUM growth in the first half of 2011, compared to 5 percent in the first half of 2010. The assets of the global commodity ETPs industry have increased to more than $170 billion in less than 10 years.
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