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Gold ETFs still bleeding cash

Posted on 11 July 2013

We have seen heavy activity in terms of fund flows that has persisted in Gold related ETFs, particularly GLD (SPDR Gold, Expense Ratio 0.40%) which remains the largest fund in the category in terms of assets under management $38.2 billion.
Gold prices have unquestionably bounced sharply off of their late June intraday lows, (reference price intraday low of $114.68 in GLD compared to current levels $121.13) but the steady asset outflows in GLD have continued. The fund has shed another $1 billion in terms of redemption flows in recent trading sessions, bringing the year to date total to a massive $19.36 billion in terms of net outflows………………………………………..Full Article: Source


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