27.02.2013 - Have we seen the bottom in gold ETFs?
The last few months have been terrible for gold ETFs. Prices have plummeted for precious metals as investors have been much more willing to take on risk, while outflows out of these products have been enormous as well. By some estimates, the ultra-popular GLD has seen more than $4 billion in outflows during the year-to-date period, including $2.55 billion in the past week alone. While this might not seem like a huge number, investors should note that this is nearly five times greater than the 2nd biggest outflow for the time period (FXI), and that it is in sharp contrast to broad stock ETFs in the same time frame..............................................Full Article: Source
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