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Gold April 11, 2023 08:45:55 PM

SPDR Gold Shares Drove Gold ETF Inflows in North America

Paul Ploumis
ScrapMonster Author
The funds listed in Asia reported net inflows of 3t.

SPDR Gold Shares Drove Gold ETF Inflows in North America

SEATTLE (Scrap Monster):  The report published by the World Gold Council (WGC) noted that global gold ETFs registered net inflows during the initial quarter of the current year. The funds listed in North America, Europe as well as the Other Region contributed to the inflows, whereas the Asian funds witnessed marginal outflows.

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The North American gold ET funds recorded inflow of 12 tonnes during Q1 2023. The SPDR Gold Shares saw its holdings increase by 13t, while the region’s largest outflow was recorded by iShares Gold Trust Micro, which saw its holdings dip marginally by 1t, said the WGC report.

The European funds had inflows of 18t in Q1 this year. The iShares Physical Gold ETC witnessed inflows of 18t, whereas Wisdom Tree Physical Swiss Gold registered an outflow of 3t.

The funds listed in Asia reported net inflows of 3t. The region’s inflows were dominated by Huaan Yifu Gold ETF, which reported inflows of 2t.

Meantime, the Other region funds witnessed negative demand, recording outflows of 1t. The Istanbul Gold Exchange Traded Fund saw inflows of 1t, whereas NewGold Issuer Ltd saw the largest outflow of 1t.

The total AUM of global gold ETFs touched the highest level in eight months at the end of March this year, mainly driven by recent inflows and strong gold prices.

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