| Source and ETF Securities, independent providers of exchange-traded products in Europe, both had record demand for exchange-traded commodities last month. Source said in a statement that it had record demand for its Source Physical Gold P-ETC (SGLD) product last month, which attracted $300m to take total assets in the product to more than $2bn.
“SGLD was the most actively traded gold exchange-traded commodity in Europe so far this year and saw the largest inflows of any European gold ETC,” added the statement. In contrast, in the whole of last year SGLD had less than $250m of inflows. Christopher Mello, who leads the equity product management team at Source, told Markets Media: “Last year investors were relatively optimistic for a recovery but the start of the year has put that to the test.”..............................................Full Article: Source
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