Gold ETF flows hit record in Feb

Gold ETF flows hit record in Feb

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Gold ETFs attracted a new monthly flow record of $7.2bn in February according to BlackRock, beating the previous high set in 2009.

Negative rates in Japan and Europe coupled with weak global growth have prompted a surge in interest for the precious metal.

Gold is viewed by some investors as a ‘safe haven’ and has been one of the top performing assets so far in 2016. 

The spot price currently stands above $1,200 per ounce, nearly 17% higher since the start of the year.

BlackRock’s monthly ETF report also shows crude oil funds brought in $1.2bn as oil price volatility mounted.

Treasury fund flows climbed to $4.7bn, evenly split between intermediate and long maturities. Sovereign debt funds saw inflows of $0.6bn

Corporate bond funds rebounded in the second half of February, recovering from outflows in January.

Investment grade bond funds collected $2.5bn and high yield gained $1.6bn. Broad fixed income products also gained $1.4bn.

Globally, exchange traded products gathered $9.4bn in February. 

The year-to-date figures stands at $24.3bn, ahead of 2014 pace, but slower than 2015 when ETPs had gathered $61.2bn by the end of February.


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