30.10.2012 - ETP assets soar
Assets in commodity ETPs rose to an all-time high of $207bn in Quarter 3 2012 on the back of surging demand for gold ETPs. This came as aggressive moves by the US Fed and the European Central Bank to ease monetary policy increased investor demand for hedges against further currency debasement. Gold ETP assets rose to a new record of $151bn, an increase of $23bn during the quarter - the largest quarterly rise since Quarter 2 2010. Silver ETPs also saw a large increase in assets, with assets under management in silver ETPs rising $5bn to $20bn...............................................Full Article: Source
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