SMM Network News: in June, the global gold traded open index fund (gold ETF) net inflow of 104t, so far the total position size of global gold ETF reached a record high of 3621 tons.
Gold ETF products are based on physical gold and are increasingly favored by investors in recent years because of their convenient investment. In the first half of this year, due to the impact of the new crown pneumonia epidemic, global investor demand for risk aversion rose sharply, further benefiting gold ETF.
Statistics show that since December last year, the global gold ETF has maintained a net inflow trend for seven consecutive months. In the first half of this year, the net inflow of global gold ETF reached an amazing 734t, far exceeding even the previous annual inflow record.
From a regional point of view, in June, the net inflow of gold ETF into North America was 83 tons, accounting for about 80% of the total global net inflows that month; fund positions in Europe and Asia increased by 18 tons and 0.4 tons respectively; and gold ETF positions in other regions also maintained an increase, up 3 tons.
So far, gold ETF funds in North America and Europe account for 52 per cent and 43 per cent of global gold ETF in tonnage terms, respectively.
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