19.06.2015 - Assets under gold ETF decline 14% in one year, 35% in last 3 years
The assets under management of gold ETF have declined by 14% in the last one year, and 35% in the last three years. As per the latest data, the AUM of the gold ETF category stood at Rs 6,688 crore (as of May 2015). The gold ETF category has seen net outflows consecutively for the last 24 months with a total net outflow of Rs 3,893 crore. Gold as an asset class has witnessed decline in its performance over the last three years, given the significant correction seen in prices of the precious metal. In the last one year period ended June 05, 2015, gold price in rupee terms has remained almost unchanged, while in USD term, it has lost 7.02 per cent...............................................Full Article: Source
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