20.01.2009 - Gold ETCs top volume and asset growth tables for 2008
From Mondovisione.com: ETF Securities Limited has seen total Assets Under Management (AUM) in its physical gold ETCs grow in the past year to $4.8 billion, up $1.75 billion. The 55% increase in assets is due to gold's dominant position as a liquid safe haven asset while not being subject to credit risk. In addition, gold's low to negative correlation with equities helped it to dominate 2008 performance tables, with a 4% increase in USD and 44% increase in GBP. ETFS Physical Gold (PHAU) grew by $1.2 billion and Gold Bullion Securities (GBS) grew by $550 million during 2008..... Full Article: Source
Print