08.06.2015 - Gold ETFs record outflow for 24th straight month in May
Gold exchange traded funds (ETFs) have been weighed down by net outflows since a considerable period of time now. Negative sentiments continued to prevail in May 2015 as well due to the yellow metal’s tepid performance. The category’s AUM fell 1.9 per cent to Rs 6,688 crore — its lowest level since July 2011 (Rs 6119 crore), according to data provided by mutual fund body Amfi. Gold ETFs as a category segment have now recorded their 24th straight month of outflows. Nearly Rs 3,900 crore has flown out these exchange traded funds, which were once a rage among investors...............................................Full Article: Source
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