| Once the largest fund of its kind in the world, top physical gold-backed exchange traded fund – SPDR Gold Shares (GLD) – is having a rip-roaring first half of 2016. After suffering through three years of a declining gold price and investors liquidating positions built up during the metal's bull run, this year the fund's assets under management have swelled by $18.5 billion year to date.
GLD dwarfs other physically-backed exchange traded gold products holding 48.8% of the global total as of today at 950 tonnes or 30.5m ounces worth $40.3 billion. GLD's holdings have shot up by 308 tonnes this year to the highest since July 2013..............................................Full Article: Source
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